IGM Financial (TSE:IGM) Stock Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• IGM Financial's stock crossed above its 200-day moving average, trading as high as C$65.61 and last at C$64.76 versus the 200-day MA of C$59.09 on the day (volume 347,374).
• Analysts have largely raised price targets recently—two Buy and five Hold ratings—leaving a MarketBeat consensus rating of "Hold" and a consensus price target of C$68.57.
• IGM increased its quarterly dividend to C$0.5625 (C$2.25 annualized) for a yield of 3.5% and a dividend payout ratio of 48.49%.

IGM Financial Inc. (TSE:IGM - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$59.09 and traded as high as C$65.61. IGM Financial shares last traded at C$64.76, with a volume of 347,374 shares.

Wall Street Analyst Weigh In

Several research firms have issued reports on IGM. Royal Bank Of Canada lifted their price target on shares of IGM Financial from C$51.00 to C$65.00 and gave the stock a "sector perform" rating in a report on Monday, January 26th. Canadian Imperial Bank of Commerce lifted their price target on IGM Financial from C$61.00 to C$68.00 in a research report on Wednesday, January 21st. National Bank Financial raised their price target on shares of IGM Financial from C$68.00 to C$82.00 and gave the company an "outperform" rating in a research report on Wednesday, February 4th. BMO Capital Markets upped their price objective on shares of IGM Financial from C$57.00 to C$68.00 in a research report on Monday, January 26th. Finally, TD Securities increased their target price on shares of 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 analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of C$68.57.

IGM Financial Stock Performance

The company has a market capitalization of C$15.17 billion, a PE ratio of 13.96, a P/E/G ratio of 4.09 and a beta of 1.00. The stock has a 50-day simple moving average of C$66.07 and a 200 day simple moving average of C$59.09. The company has a debt-to-equity ratio of 82.52, a current ratio of 4.55 and a quick ratio of 0.31.

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

IGM Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 30th were given a dividend of $0.5625 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This is a positive change from IGM Financial's previous quarterly dividend of $0.56. This represents a $2.25 annualized dividend and a yield of 3.5%. IGM Financial's dividend payout ratio (DPR) is 48.49%.

Insider Buying and Selling at IGM Financial

In other news, Director James Patrick O'sullivan sold 25,000 shares of the company's stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of C$68.73, for a total value of C$1,718,250.00. Following the sale, the director directly owned 38,229 shares in the company, valued at C$2,627,479.17. This represents a 39.54% decrease in their ownership of the stock. Insiders sold 92,400 shares of company stock valued at $6,306,649 over the last ninety days. Insiders own 66.58% of the company's stock.

About IGM Financial

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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