IGM Financial (TSE:IGM) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of IGM Financial Inc. (TSE:IGM) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$76.81 and traded as high as C$86.41. IGM Financial shares last traded at C$85.21, with a volume of 387,386 shares trading hands.

Analyst Ratings Changes

IGM has been the topic of several analyst reports. 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. Scotiabank lifted their price target on shares of IGM Financial from C$84.00 to C$87.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. Canadian Imperial Bank of Commerce lifted their target price on IGM Financial from C$79.00 to C$85.00 in a report on Friday, July 10th. BMO Capital Markets increased their price target on shares of IGM Financial from C$72.00 to C$80.00 in a report on Wednesday, July 15th. Finally, Royal Bank Of Canada raised 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. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, IGM Financial currently has a consensus rating of “Hold” and a consensus target price of C$82.00.

IGM Financial Price Performance

The company has a market cap of C$20.21 billion, a price-to-earnings ratio of 17.72, a P/E/G ratio of 4.09 and a beta of 1.04. The company has a debt-to-equity ratio of 82.59, a quick ratio of 0.31 and a current ratio of 1.28. The company’s 50 day moving average price is C$85.18 and its 200 day moving average price is C$76.96.

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

IGM Financial Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Damon Murchison sold 700 shares of the business’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of C$89.48, for a total value of C$62,636.00. Following the completion of the sale, the director directly owned 3,335 shares of the company’s stock, valued at C$298,415.80. The trade was a 17.35% decrease in their position. In the last three months, insiders sold 72,145 shares of company stock worth $6,117,638. Company insiders own 66.58% of the company’s stock.

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.