IGM Financial (TSE:IGM) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

IGM Financial Inc. (TSE:IGM) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$75.90 and traded as high as C$89.00. IGM Financial shares last traded at C$88.82, with a volume of 303,708 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Royal Bank Of Canada increased their price target on IGM Financial from C$80.00 to C$89.00 and gave the company a “sector perform” rating in a report on Friday, July 31st. Scotiabank increased their price target on shares of IGM Financial from C$84.00 to C$87.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. Canadian Imperial Bank of Commerce raised their price target on shares of IGM Financial from C$79.00 to C$85.00 in a report on Friday, July 10th. National Bank Financial lifted their price target on shares of IGM Financial from C$85.00 to C$91.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Finally, TD upped their price objective on IGM Financial from C$92.00 to C$94.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$82.00.

IGM Financial Stock Down 0.7%

The stock has a market capitalization of C$20.12 billion, a price-to-earnings ratio of 17.64, a P/E/G ratio of 4.09 and a beta of 1.04. The business has a 50-day moving average of C$84.29 and a 200-day moving average of C$76.05. The company has a debt-to-equity ratio of 82.59, a quick ratio of 0.31 and a current ratio of 1.28.

IGM Financial (TSE:IGM) last posted its earnings results on Wednesday, July 29th. The financial services provider reported C$1.41 EPS for the quarter. The company had revenue of C$1.07 million for the quarter. IGM Financial had a net margin of 29.82% and a return on equity of 12.91%. On average, sell-side analysts expect that IGM Financial Inc. will post 4.006816 EPS for the current year.

IGM Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 31st were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, June 29th. IGM Financial’s payout ratio is 47.87%.

Insider Activity at IGM Financial

In related news, insider Rhonda Goldberg sold 2,599 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of C$86.76, for a total transaction of C$225,489.24. Following the completion of the transaction, the insider owned 3,453 shares of the company’s stock, valued at approximately C$299,582.28. This trade represents a 42.94% decrease in their position. Also, Director James Patrick O’sullivan sold 2,600 shares of IGM Financial stock in a transaction that occurred on Friday, June 19th. The shares were sold at an average price of C$80.88, for a total transaction of C$210,288.00. Following the completion of the sale, the director owned 48,648 shares of the company’s stock, valued at C$3,934,650.24. This trade represents a 5.07% decrease in their position. In the last quarter, insiders have sold 73,295 shares of company stock valued at $6,209,982. 66.58% of the stock is owned by insiders.

IGM Financial Company Profile

Mackenzie Investments (“Mackenzie”) is a Canadian investment management firm with approximately $244 billion (CAD) in assets under management as of December 31, 2025. Mackenzie seeks to create a more invested world by delivering strong investment performance and offering innovative portfolio solutions and related services to more than one million retail and institutional clients through multiple distribution channels. Founded in 1967, it is a global asset manager with offices across Canada as well as in Beijing, Boston, Dublin, Hong Kong and London.