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 Video: What is a Stock Split?
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| Brown & Brown, Inc. is an insurance brokerage company engaged in delivering risk management solutions to individuals and businesses. Co. markets and sells insurance products and services, primarily in the property, casualty, and employee benefits areas. Its segments include Retail, National Programs, Wholesale Brokerage and Services. The Retail segment provides a broad range of insurance products and services to commercial, public and quasi-public, professional and individual insured customers, and non-insurance services and products through its automobile dealer services F&I businesses. According to our Brown and Brown stock split history records, Brown and Brown has had 5 splits. | |
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Brown and Brown (BRO) has 5 splits in our Brown and Brown stock split history database. The first split for BRO took place on March 02, 1998. This was a 3 for 2
split, meaning for each 2
shares of BRO owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. BRO's second split took place on August 24, 2000. This was a 2 for 1 split, meaning for each share of BRO owned pre-split, the shareholder now owned 2 shares. For example, a 1500 share position pre-split, became a 3000 share position following the split. BRO's third split took place on November 23, 2001. This was a 2 for 1 split, meaning for each share of BRO owned pre-split, the shareholder now owned 2 shares. For example, a 3000 share position pre-split, became a 6000 share position following the split. BRO's 4th split took place on November 29, 2005. This was a 2 for 1 split, meaning for each share of BRO owned pre-split, the shareholder now owned 2 shares. For example, a 6000 share position pre-split, became a 12000 share position following the split. BRO's 5th split took place on March 29, 2018. This was a 2 for 1 split, meaning for each share of BRO owned pre-split, the shareholder now owned 2 shares. For example, a 12000 share position pre-split, became a 24000 share position following the split.
When a company such as Brown and Brown splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the Brown and Brown stock split history from start to finish, an original position size of 1000 shares would have turned into 24000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Brown and Brown shares, starting with a $10,000 purchase of BRO, presented on a split-history-adjusted basis factoring in the complete Brown and Brown stock split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/12/2014 |
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| End date: |
12/10/2024 |
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| Start price/share: |
$15.96 |
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| End price/share: |
$102.93 |
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| Starting shares: |
626.57 |
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| Ending shares: |
690.32 |
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| Dividends reinvested/share: |
$3.56 |
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| Total return: |
610.54% |
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| Average Annual Total Return: |
21.66% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$71,074.11 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
12/12/2014 |
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| End date: |
12/10/2024 |
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| Start price/share: |
$15.96 |
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| End price/share: |
$102.93 |
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| Dividends collected/share: |
$3.56 |
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| Total return: |
567.20% |
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| Average Annual Total Return: |
20.89% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$66,700.56 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 03/02/1998 | 3 for 2
| | 08/24/2000 | 2 for 1 | | 11/23/2001 | 2 for 1 | | 11/29/2005 | 2 for 1 | | 03/29/2018 | 2 for 1 |
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