IGM Financial (TSE:IGM) Share Price Crosses Above Fifty Day Moving Average - Here's Why

Key Points

• IGM Financial shares rose above their 50-day moving average, trading as high as C$86.99 and last at C$86.51, versus the average of C$83.99.
• Analysts raised several price targets; the consensus target is C$89.44, with five Buy ratings and four Hold ratings, giving the stock a “Moderate Buy” consensus.
• The company reported quarterly EPS of C$1.51 on C$1.32 billion in revenue and paid a quarterly dividend of C$0.62 per share, equivalent to a 2.9% annualized yield.

Shares of IGM Financial Inc. (TSE:IGM - Get Free Report) passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of C$83.99 and traded as high as C$86.99. IGM Financial shares last traded at C$86.51, with a volume of 512,835 shares.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on IGM shares. Scotia increased their price objective on shares of IGM Financial from C$88.00 to C$90.00 and gave the stock a "sector perform" rating in a research report on Monday. National Bank Financial boosted their target price on IGM Financial from C$92.00 to C$94.00 and gave the company an "outperform" rating in a research report on Monday. 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 note on Thursday, July 30th. Scotiabank upped their price target on IGM Financial from C$84.00 to C$87.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 30th. Finally, Royal Bank Of Canada raised their price target on IGM Financial from C$80.00 to C$89.00 and gave the stock a "sector perform" rating in a research report on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, IGM Financial currently has an average rating of "Moderate Buy" and a consensus target price of C$89.44.

IGM Financial Stock Performance

The company has a market capitalization of C$19.77 billion, a price-to-earnings ratio of 17.51, a price-to-earnings-growth ratio of 4.09 and a beta of 0.67. 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's fifty day simple moving average is C$83.99 and its 200-day simple moving average is C$77.67.

IGM Financial (TSE:IGM - Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The financial services provider reported C$1.51 EPS for the quarter. IGM Financial had a net margin of 29.82% and a return on equity of 12.91%. The business had revenue of C$1.32 billion during the quarter. Analysts predict that IGM Financial Inc. will post 4.01 EPS for the current year.

IGM Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Friday, October 30th were given a $0.62 dividend. The ex-dividend date of this dividend was Monday, September 28th. This represents a $2.48 dividend on an annualized basis and a yield of 2.9%. IGM Financial's dividend payout ratio (DPR) is currently 47.87%.

Insider Activity

In other 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. In the last three months, insiders sold 9,960 shares of company stock valued at $876,221. 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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