Published on 20 Sep 2023 on Simply Wall St. via Yahoo Finance
Has Insurance Australia Group Limited (ASX:IAG) Stock's Recent Performance Got Anything to Do With...
Most readers would already know that Insurance Australia Group's (ASX:IAG) stock increased by 2.1% over the past three months. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to investigate if the company's decent financials had a hand to play in the recent price move. In this article, we decided to focus on Insurance Australia Group's ROE.
ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
View our latest analysis for Insurance Australia Group