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

Key Points

• IGM Financial shares rose above their 200-day moving average, trading near C$86.88 versus the C$77.67 average, signaling strong recent price momentum.
• Analysts have raised their price targets, but the consensus remains cautious: three analysts rate the stock Buy and four rate it Hold, with an average target of C$82.00.
• IGM reported C$1.41 in quarterly EPS and maintains a quarterly dividend of C$0.62 per share, equivalent to a 2.9% yield; insiders have sold roughly C$5.15 million of shares 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 Thursday . The stock has a 200-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 changing hands.

Analyst Upgrades and Downgrades

Several research analysts recently commented on IGM shares. BMO Capital Markets boosted their price objective on shares of IGM Financial from C$72.00 to C$80.00 in a research note on Wednesday, July 15th. Royal Bank Of Canada raised their target price on shares of IGM Financial from C$80.00 to C$89.00 and gave the company a "sector perform" rating in a research note on Friday, July 31st. Canadian Imperial Bank of Commerce lifted their price target on shares of IGM Financial from C$79.00 to C$85.00 in a report on Friday, July 10th. TD upped their price target on IGM Financial from C$92.00 to C$94.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Finally, 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. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of C$82.00.

IGM Financial Stock Performance

The company has a quick ratio of 0.31, a current ratio of 1.28 and a debt-to-equity ratio of 82.59. The stock has a market capitalization of C$20.06 billion, a PE ratio of 17.59, a PEG ratio of 4.09 and a beta of 0.93. The firm has a 50 day moving average price of C$86.03 and a 200-day moving average price of C$77.67.

IGM Financial (TSE:IGM - Get Free Report) last released its quarterly earnings data 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 for the quarter. IGM Financial had a net margin of 29.82% and a return on equity of 12.91%. Research analysts expect that IGM Financial Inc. will post 4.006816 EPS for the current fiscal year.

IGM Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 31st were paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, June 29th. IGM Financial's dividend payout ratio is presently 47.87%.

Insiders Place Their Bets

In other IGM Financial news, insider Rhonda Goldberg sold 2,599 shares of the stock in a transaction on Friday, July 31st. The shares were sold at an average price of C$86.76, for a total transaction 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 trade represents a 42.94% decrease in their ownership of the stock. Also, Director James Patrick O'sullivan sold 2,600 shares of the firm's stock in a transaction dated 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 transaction, the director directly owned 48,648 shares in the company, valued at C$3,934,650.24. This represents a 5.07% decrease in their ownership of the stock. Over the last 90 days, insiders have sold 60,148 shares of company stock worth $5,151,421. 66.58% of the stock is owned by corporate insiders.

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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