IGM Financial (TSE:IGM) Share Price Breaks Above Two Hundred Day Moving Average - Here's Why

Key Points

• IGM Financial shares briefly moved above their 200-day moving average of C$80.86, reaching C$80.94 before trading at C$80.50. The stock has a consensus “Hold” rating and an average analyst price target of C$82.00.
• Analysts recently raised their price targets, including TD to C$94 and National Bank Financial to C$91, while IGM reported quarterly earnings of C$1.41 per share and a 29.82% net margin.
• IGM declared a quarterly dividend of C$0.62, equivalent to C$2.48 annually and a 3.1% yield. Insiders have sold approximately 44,658 shares worth C$4.0 million over the past 90 days.

IGM Financial Inc. (TSE:IGM - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$80.86 and traded as high as C$80.94. IGM Financial shares last traded at C$80.50, with a volume of 556,503 shares.

Analyst Ratings Changes

Several research firms have recently issued reports on IGM. National Bank Financial upped their price target on IGM Financial from C$85.00 to C$91.00 and gave the stock an "outperform" rating in a research note on Monday, July 27th. Scotiabank increased their price objective on IGM Financial from C$84.00 to C$87.00 and gave the company a "sector perform" rating in a report on Thursday, July 30th. TD raised their price objective on IGM Financial from C$92.00 to C$94.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Canadian Imperial Bank of Commerce raised their price objective on IGM Financial from C$79.00 to C$85.00 in a research note on Friday, July 10th. Finally, BMO Capital Markets boosted their target price on IGM Financial from C$72.00 to C$80.00 in a report on Wednesday, July 15th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, IGM Financial presently has a consensus rating of "Hold" and a consensus price target of C$82.00.

IGM Financial Stock Down 1.2%

The firm has a market capitalization of C$18.59 billion, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 4.09 and a beta of 0.83. The company has a debt-to-equity ratio of 82.59, a quick ratio of 0.31 and a current ratio of 1.28. The business's 50 day moving average is C$86.16 and its 200-day moving average is C$80.86.

IGM Financial (TSE:IGM - Get Free Report) last released its earnings results on Wednesday, July 29th. The financial services provider reported C$1.41 earnings per share for the quarter. The firm had revenue of C$1.07 million during the quarter. IGM Financial had a net margin of 29.82% and a return on equity of 12.91%. Equities analysts anticipate that IGM Financial Inc. will post 4.01 EPS for the current fiscal year.

IGM Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 30th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, September 28th. IGM Financial's dividend payout ratio (DPR) is currently 47.87%.

Insider Transactions at IGM Financial

In related news, Director J. Luke Gould sold 6,900 shares of the business's stock in a transaction dated Friday, September 18th. The stock was sold at an average price of C$87.97, for a total transaction of C$606,993.00. Also, insider Rhonda Goldberg sold 2,599 shares of the business's stock in a transaction dated Friday, July 31st. The stock was sold at an average price of C$86.76, for a total value of C$225,489.24. Following the transaction, the insider directly owned 3,453 shares of the company's stock, valued at C$299,582.28. This represents a 42.94% decrease in their position. Over the last ninety days, insiders have sold 44,658 shares of company stock worth $4,005,757. Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.