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 Video: What is a Stock Split?
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| Cigna is a global health service organization. Co.'s segments are: Integrated Medical, which includes its employer-sponsored medical coverage and Medicare offerings for seniors and individual insurance offerings to non-seniors both on and off the public health insurance exchanges; Health Services, which consists of the pharmacy benefit management and certain health management services; International Markets, which provides a range of medical and supplemental health, life, and accident benefits to individuals and employers; and Group Disability and Other, which includes its commercial long- and short-term disability products, and its term life group insurance products. According to our Cigna stock split history records, Cigna has had 2 splits. | |
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Cigna (CI) has 2 splits in our Cigna stock split history database. The first split for CI took place on May 18, 1998. This was a 3 for 1
split, meaning for each share of CI owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 3000 share position following the split. CI's second split took place on June 05, 2007. This was a 3 for 1 split, meaning for each share of CI owned pre-split, the shareholder now owned 3 shares. For example, a 3000 share position pre-split, became a 9000 share position following the split.
When a company such as Cigna 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 Cigna stock split history from start to finish, an original position size of 1000 shares would have turned into 9000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Cigna shares, starting with a $10,000 purchase of CI, presented on a split-history-adjusted basis factoring in the complete Cigna stock split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
03/02/2011 |
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| End date: |
03/01/2021 |
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| Start price/share: |
$42.43 |
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| End price/share: |
$214.95 |
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| Starting shares: |
235.68 |
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| Ending shares: |
236.76 |
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| Dividends reinvested/share: |
$0.40 |
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| Total return: |
408.92% |
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| Average Annual Total Return: |
17.66% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$50,895.04 |
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| Years: |
10.01 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
03/02/2011 |
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| End date: |
03/01/2021 |
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| Start price/share: |
$42.43 |
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| End price/share: |
$214.95 |
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| Dividends collected/share: |
$0.40 |
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| Total return: |
407.54% |
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| Average Annual Total Return: |
17.63% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$50,765.35 |
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| Years: |
10.01 |
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| Date |
Ratio |
| 05/18/1998 | 3 for 1
| | 06/05/2007 | 3 for 1 |
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