IGM Financial (TSE:IGM) Shares Cross Above 200 Day Moving Average - What's Next?

Key Points

• IGM Financial shares broke above their 200-day moving average, reaching C$89.00 and closing at C$88.82, compared with a 200-day average of C$75.90.
• Analysts have raised several price targets, but the overall consensus remains “Hold”, with a consensus target of C$82.00. Ratings include three Buys and four Holds.
• The company reported quarterly EPS of C$1.41 and maintains a quarterly dividend of C$0.62, or C$2.48 annually, implying a 2.8% yield and a 47.87% payout ratio.

IGM Financial Inc. (TSE:IGM - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$75.90 and traded as high as C$89.00. IGM Financial shares last traded at C$88.82, with a volume of 303,708 shares traded.

Analysts Set New Price Targets

Several analysts have recently commented on IGM shares. Canadian Imperial Bank of Commerce raised their price objective on shares of IGM Financial from C$79.00 to C$85.00 in a research report on Friday, July 10th. National Bank Financial upped 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. Royal Bank Of Canada increased 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 note on Friday, July 31st. Scotiabank raised their price target 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. Finally, BMO Capital Markets boosted their price objective on IGM Financial from C$72.00 to C$80.00 in a research report on Wednesday, July 15th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of C$82.00.

IGM Financial Stock Performance

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 fifty day simple moving average is C$84.20 and its 200-day simple moving average is C$75.90. The firm has a market capitalization of C$20.51 billion, a PE ratio of 17.98, a price-to-earnings-growth ratio of 4.09 and a beta of 1.04.

IGM Financial (TSE:IGM - Get Free Report) last released its earnings results on Wednesday, July 29th. The financial services provider reported C$1.41 EPS for the quarter. IGM Financial had a net margin of 29.82% and a return on equity of 12.91%. The firm had revenue of C$1.07 million for the quarter. As a group, equities research analysts expect that IGM Financial Inc. will post 4.006816 EPS for the current year.

IGM Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 31st were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Monday, June 29th. IGM Financial's payout ratio is currently 47.87%.

Insider Buying and Selling

In other IGM Financial news, Director Damon Murchison sold 700 shares of the business's stock in a transaction on Thursday, August 6th. The shares were sold at an average price of C$89.48, for a total value of C$62,636.00. Following the sale, the director owned 3,335 shares in the company, valued at C$298,415.80. The trade was a 17.35% decrease in their position. In the last 90 days, insiders have sold 73,295 shares of company stock valued at $6,209,982. 66.58% of the stock is owned by insiders.

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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