IGM Financial (TSE:IGM) Shares Cross Above 200-Day Moving Average - Here's What Happened

Key Points

• IGM Financial shares rose above their 200-day moving average of C$74.82, reaching C$90.45 before closing at C$89.01.
• Analysts have raised several price targets, but the overall consensus remains “Hold”, with a C$82.00 target price; ratings include three Buys and four Holds.
• The company reported quarterly earnings of C$1.41 per share and maintains a quarterly dividend of C$0.62, equivalent to an annualized C$2.48 payout and a 2.8% yield.

IGM Financial Inc. (TSE:IGM - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$74.82 and traded as high as C$90.45. IGM Financial shares last traded at C$89.01, with a volume of 318,750 shares.

Wall Street Analyst Weigh In

IGM has been the subject of several recent research reports. TD lifted their price target on IGM Financial from C$92.00 to C$94.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Royal Bank Of Canada increased their price objective on IGM Financial from C$80.00 to C$89.00 and gave the stock a "sector perform" rating in a report on Friday, July 31st. Canadian Imperial Bank of Commerce raised their target price on IGM Financial from C$79.00 to C$85.00 in a research note on Friday, July 10th. BMO Capital Markets lifted their target price on IGM Financial from C$72.00 to C$80.00 in a report on Wednesday, July 15th. Finally, National Bank Financial upped their price target on 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. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of C$82.00.

IGM Financial Stock Performance

The company's fifty day simple moving average is C$83.24 and its 200 day simple moving average is C$74.82. The company has a current ratio of 1.28, a quick ratio of 0.31 and a debt-to-equity ratio of 82.59. The stock has a market capitalization of C$20.55 billion, a P/E ratio of 18.02, a P/E/G ratio of 4.09 and a beta of 1.04.

IGM Financial (TSE:IGM - Get Free Report) last released 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 net margin of 29.82% and a return on equity of 12.91%. The firm had revenue of C$1.07 million for the quarter. As a group, sell-side analysts forecast that IGM Financial Inc. will post 4.006816 earnings per share for the current fiscal year.

IGM Financial Announces Dividend

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

Insider Buying and Selling at IGM Financial

In other IGM Financial news, Director Damon Murchison sold 700 shares of the firm'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 sale, the director owned 3,335 shares of the company's stock, valued at C$298,415.80. This trade represents a 17.35% decrease in their position. Over the last 90 days, insiders sold 163,486 shares of company stock valued at $13,284,616. 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.

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