IGM Financial (TSE:IGM) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?
by Sarita Garza · The Markets DailyShares of IGM Financial Inc. (TSE:IGM – Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$77.67 and traded as high as C$86.92. IGM Financial shares last traded at C$86.88, with a volume of 257,683 shares traded.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on IGM shares. Scotiabank increased their target price on IGM Financial from C$84.00 to C$87.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th. TD boosted their price target on IGM Financial from C$92.00 to C$94.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Canadian Imperial Bank of Commerce upped their price objective on IGM Financial from C$79.00 to C$85.00 in a research note on Friday, July 10th. National Bank Financial raised their price objective on shares of IGM Financial from C$85.00 to C$91.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Finally, BMO Capital Markets boosted their target price on shares of IGM Financial from C$72.00 to C$80.00 in a report on Wednesday, July 15th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$82.00.
Get Our Latest Research Report on IGM Financial
IGM Financial Price Performance
The stock has a market capitalization of C$20.71 billion, a price-to-earnings ratio of 18.16, a P/E/G ratio of 4.09 and a beta of 0.93. The company has a fifty day simple moving average of C$86.23 and a 200 day simple moving average of C$77.75. 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 – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported C$1.41 earnings per share (EPS) 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 during the quarter. Equities research analysts forecast that IGM Financial Inc. will post 4.006816 EPS for the current fiscal year.
IGM Financial Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 31st were issued a dividend of $0.62 per share. 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 (DPR) is presently 47.87%.
Insider Transactions at IGM Financial
In other news, Director Damon Murchison sold 7,300 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of C$90.95, for a total value of C$663,935.00. Following the sale, the director directly owned 2,835 shares of the company’s stock, valued at approximately C$257,843.25. This represents a 72.03% decrease in their position. Also, Director James Patrick O’sullivan sold 2,600 shares of the company’s stock in a transaction 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 directly owned 48,648 shares in the company, valued at approximately C$3,934,650.24. This represents a 5.07% decrease in their ownership of the stock. In the last 90 days, insiders have sold 60,148 shares of company stock worth $5,151,421. 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.