When a company such as Elevance Health 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 Elevance Health stock split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Elevance Health shares, starting with a $10,000 purchase of ELV, presented on a split-history-adjusted basis factoring in the complete Elevance Health stock split history.

About Elevance Health

Elevance Health is a holding company. Through its subsidiaries, Co. is a health benefits company in terms of medical membership through affiliated health plans. Co.'s segments are: Commercial and Specialty Business, which includes health products on a full-risk basis and administrative managed care services; Government Business, which includes Medicare and Medicaid businesses, National Government Services and services provided to the federal government in connection with the Federal Employees Health Benefits business; its subsidiary, IngenioRx, Inc., which includes pharmacy benefit management business; and Other, which includes Diversified Business Group, which is health services business. According to our Elevance Health stock split history records, Elevance Health has had 1 split.

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