The main purpose of this study was to analyze the influence of financial performance on
stock market price changes of Indonesian insurance companies. The type of research is
explanatory research has the objective to predict, test, and develop theories, and provide
evidence that reinforces the support or rejection of the theory. The study population is
indigenous Indonesian insurance companies that have gone public (Tbk) and eight members of
the population used as the unit of analysis. The data analysis techniques used multivariate
analysis using secondary data obtained from the financial statements of the nine insurers. The
results of this study indicate simultaneous that Debt to Asset Ratio (DAR), Debt to Equity Ratio
(DER), Return on Assets (ROA), Return on Equity (ROE), Net Profit Margin (NPM), Earning
per Share (EPS) affect significantly on the stock price. Partially, only the EPS has a significant
influence on the stock market price.
Hidayat D. D. C, Hamali D. S and Bharata A. (2016). Pengaruh Kinerja Keuangan terhadap Harga Saham: Studi Kasus terhadap Perusahaan Jasa Asuransi Indonesia yang Sudah Go Public (Tbk). Banking and Management Review, 5 (1), 586-598.