Selective Insurance Group Inc has split its stock 7 times since its initial public offering (IPO). The first stock split occurred on May 31, 1977 with the ratio of 5-for-2, meaning that for 2 shares of SIGI owned pre-split, shareholders then owned 5 shares. 6 more splits have been implemented since then. The most recent stock split took place on February 21, 2007 on a 2-for-1 basis.
These splits have increased SIGI stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that these actions only change the number of shares and the price per share with no impact on Selective Insurance Group Inc's total market capitalization.
For more detailed information of Selective Insurance Group Inc's stock splits, view the table below:
The answer will depend on the decisions of the company's managers and market volatility. Selective Insurance Group Inc has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when SIGI stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Selective Insurance Group Inc's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.
