IGM Financial (TSE:IGM) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

IGM Financial Inc. (TSE:IGM) shares crossed 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 traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on IGM shares. National Bank Financial boosted their price target on IGM Financial from C$85.00 to C$91.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. 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. 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. TD boosted their price objective on shares of IGM Financial from C$92.00 to C$94.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, BMO Capital Markets boosted their target price on IGM Financial from C$72.00 to C$80.00 in a research note on Wednesday, July 15th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, IGM Financial presently has a consensus rating of “Hold” and an average target price of C$82.00.

IGM Financial Trading Down 0.9%

The stock has a market capitalization of C$18.89 billion, a P/E ratio of 16.56, a P/E/G ratio of 4.09 and a beta of 0.83. The firm’s 50 day simple moving average is C$86.02 and its two-hundred day simple moving average is C$80.99. The company has a quick ratio of 0.31, a current ratio of 1.28 and a debt-to-equity ratio of 82.59.

IGM Financial (TSE:IGM) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported C$1.41 earnings per share (EPS) for the quarter. IGM Financial had a return on equity of 12.91% and a net margin of 29.82%. The business had revenue of C$1.07 million for the quarter. As a group, analysts forecast that IGM Financial Inc. will post 4.01 earnings per share for the current fiscal year.

IGM Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 30th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Monday, September 28th. IGM Financial’s dividend payout ratio (DPR) is currently 47.87%.

Insiders Place Their Bets

In other IGM Financial news, Director Damon Murchison sold 1,400 shares of IGM Financial stock in a transaction on Thursday, August 6th. The shares were sold at an average price of C$89.65, for a total transaction of C$125,510.00. Following the transaction, the director directly owned 11,735 shares of the company’s stock, valued at C$1,052,042.75. The trade was a 10.66% decrease in their position. Also, Director J. Luke Gould sold 6,900 shares of IGM Financial stock in a transaction on Friday, September 18th. The stock was sold at an average price of C$87.97, for a total transaction of C$606,993.00. Insiders sold a total of 44,658 shares of company stock valued at $4,005,757 over the last three months. 66.58% of the stock is currently owned by 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.