IGM Financial (TSE:IGM) Share Price Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• IGM Financial shares rose above their 200-day moving average, reaching C$86.41 and closing at C$85.21, compared with the 200-day average of C$76.81.
• Analysts recently raised their price targets, but the overall consensus remains “Hold”, with a consensus target of C$82.00 versus the latest share price.
• The company reported quarterly EPS of C$1.41 and maintains a quarterly dividend of C$0.62 per share, equivalent to a 2.9% annual yield; insiders have sold more than 72,000 shares over the past 90 days.

IGM Financial Inc. (TSE:IGM - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$76.81 and traded as high as C$86.41. IGM Financial shares last traded at C$85.21, with a volume of 387,386 shares trading hands.

Analyst Upgrades and Downgrades

IGM has been the subject of a number of recent analyst reports. Scotiabank raised their price target on shares of IGM Financial from C$84.00 to C$87.00 and gave the stock a "sector perform" rating in a report on Thursday, July 30th. TD upped their price objective on shares of IGM Financial from C$92.00 to C$94.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. BMO Capital Markets increased their target price on IGM Financial from C$72.00 to C$80.00 in a research note on Wednesday, July 15th. National Bank Financial increased their target price on shares of IGM Financial from C$85.00 to C$91.00 and gave the stock an "outperform" rating in a report on Monday, July 27th. Finally, Canadian Imperial Bank of Commerce lifted their price objective on IGM Financial from C$79.00 to C$85.00 in a research note on Friday, July 10th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of C$82.00.

IGM Financial Price Performance

The stock has a fifty day moving average of C$84.99 and a 200-day moving average of C$76.81. 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$19.67 billion, a price-to-earnings ratio of 17.25, a P/E/G ratio of 4.09 and a beta of 1.04.

IGM Financial (TSE:IGM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported C$1.41 EPS 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%. On average, equities research analysts predict that IGM Financial Inc. will post 4.006816 EPS for the current fiscal year.

IGM Financial Dividend Announcement

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

Insider Buying and Selling at IGM Financial

In other IGM Financial news, Director Douglas Milne sold 1,600 shares of IGM Financial stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of C$80.61, for a total value of C$128,976.00. Following the transaction, the director directly owned 800 shares in the company, valued at approximately C$64,488. This trade represents a 66.67% decrease in their position. Also, Director Damon Murchison sold 7,300 shares of the business's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of C$90.95, for a total transaction of C$663,935.00. Following the completion of the transaction, the director directly owned 2,835 shares in the company, valued at C$257,843.25. This represents a 72.03% decrease in their ownership of the stock. Over the last 90 days, insiders sold 72,187 shares of company stock valued at $6,121,043. 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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