IGM Financial (TSE:IGM) Shares Pass Above 200 Day Moving Average - Time to Sell?

Key Points

• IGM shares crossed above its 200‑day moving average (200‑day MA C$62.75) and last traded around C$73.57 — intraday high C$74.46 on volume of 522,571 shares.
• Brokerages have lifted several price targets (recent range roughly C$65–C$82) but the consensus remains a "Hold" with an average price target of C$68.57, below the current share price.
• Insiders sold 92,400 shares (~C$6.3M) in the past 90 days, though corporate insiders still control 66.58% of the company.

IGM Financial Inc. (TSE:IGM - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$62.75 and traded as high as C$74.46. IGM Financial shares last traded at C$73.57, with a volume of 522,571 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on IGM. Canadian Imperial Bank of Commerce upped their price objective on IGM Financial from C$61.00 to C$68.00 in a research note on Wednesday, January 21st. BMO Capital Markets upped their price objective on IGM Financial from C$57.00 to C$68.00 in a research note on Monday, January 26th. Royal Bank Of Canada upped their price objective on IGM Financial from C$51.00 to C$65.00 and gave the stock a "sector perform" rating in a research note on Monday, January 26th. National Bank Financial upped their price objective on IGM Financial from C$68.00 to C$82.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 4th. Finally, TD Securities increased their price target on IGM Financial from C$73.00 to C$76.00 and gave the stock a "buy" rating in a research note on Tuesday, February 17th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, IGM Financial currently has an average rating of "Hold" and an average price target of C$68.57.

IGM Financial Stock Performance

The company has a market cap of C$17.23 billion, a P/E ratio of 15.86, a PEG ratio of 4.09 and a beta of 0.90. The company has a 50 day moving average price of C$67.71 and a 200-day moving average price of C$62.75. The company has a quick ratio of 0.31, a current ratio of 4.55 and a debt-to-equity ratio of 82.52.

IGM Financial (TSE:IGM - Get Free Report) last released its quarterly earnings results on Thursday, February 12th. The financial services provider reported C$1.27 earnings per share (EPS) for the quarter. IGM Financial had a return on equity of 13.03% and a net margin of 28.81%.The company had revenue of C$1.05 billion during the quarter. Equities analysts expect that IGM Financial Inc. will post 4.006816 EPS for the current fiscal year.

Insider Buying and Selling at IGM Financial

In related news, Director James Patrick O'sullivan sold 2,800 shares of the firm's stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of C$68.35, for a total transaction of C$191,380.00. Following the completion of the transaction, the director owned 134,329 shares of the company's stock, valued at C$9,181,387.15. This trade represents a 2.04% decrease in their ownership of the stock. Insiders sold a total of 92,400 shares of company stock valued at $6,306,649 in the last ninety days. Corporate 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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