IGM Financial (TSE:IGM) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

IGM Financial Inc. (TSE:IGM) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$72.22 and traded as high as C$85.85. IGM Financial shares last traded at C$84.78, with a volume of 542,730 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently commented on IGM shares. Royal Bank Of Canada raised their price target on shares of IGM Financial from C$77.00 to C$80.00 and gave the company a “sector perform” rating in a research report on Monday, July 13th. Scotiabank increased their target price on shares of IGM Financial from C$69.00 to C$76.00 in a research note on Tuesday, April 28th. TD increased their target price on shares of IGM Financial from C$80.00 to C$86.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. BMO Capital Markets raised their target price on IGM Financial from C$72.00 to C$80.00 in a research report on Wednesday, July 15th. Finally, Canadian Imperial Bank of Commerce lifted their price target on IGM Financial from C$79.00 to C$85.00 in a research note on Friday, July 10th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$77.75.

IGM Financial Stock Up 0.5%

The stock has a market cap of C$19.36 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 4.09 and a beta of 1.03. The company has a current ratio of 1.36, a quick ratio of 0.31 and a debt-to-equity ratio of 81.91. The business has a 50-day moving average price of C$80.37 and a 200-day moving average price of C$72.37.

IGM Financial (TSE:IGM) last issued its quarterly earnings results on Thursday, May 7th. The financial services provider reported C$1.20 EPS for the quarter. The company had revenue of C$1.00 million during the quarter. IGM Financial had a net margin of 29.97% and a return on equity of 13.19%. As a group, analysts forecast that IGM Financial Inc. will post 4.006816 earnings per share for the current year.

IGM Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 31st will be given a $0.62 dividend. The ex-dividend date is Monday, June 29th. This represents a $2.48 annualized dividend and a dividend yield of 3.0%. IGM Financial’s dividend payout ratio (DPR) is 47.48%.

Insider Activity at IGM Financial

In related news, Director James Patrick O’sullivan sold 700 shares of the company’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of C$77.90, for a total transaction of C$54,530.00. Following the completion of the transaction, the director owned 93,248 shares in the company, valued at C$7,264,019.20. This represents a 0.75% decrease in their position. Insiders have sold a total of 144,039 shares of company stock worth $11,327,486 over the last three months. 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.