IGM Financial (TSE:IGM) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

IGM Financial Inc. (TSE:IGM) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$59.09 and traded as high as C$65.61. IGM Financial shares last traded at C$64.76, with a volume of 347,374 shares.

Analysts Set New Price Targets

Several equities analysts recently issued reports on IGM shares. TD Securities upped their price objective on shares of IGM Financial from C$73.00 to C$76.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. National Bank Financial lifted their price objective on IGM Financial from C$68.00 to C$82.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. BMO Capital Markets lifted their price objective on IGM Financial from C$57.00 to C$68.00 in a research report on Monday, January 26th. Royal Bank Of Canada upped their target price on IGM Financial from C$51.00 to C$65.00 and gave the company a “sector perform” rating in a research note on Monday, January 26th. Finally, Canadian Imperial Bank of Commerce increased their target price on IGM Financial from C$61.00 to C$68.00 in a research report on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$68.57.

IGM Financial Trading Up 1.1%

The company has a current ratio of 4.55, a quick ratio of 0.31 and a debt-to-equity ratio of 82.52. The business’s fifty day simple moving average is C$66.07 and its two-hundred day simple moving average is C$59.09. The stock has a market capitalization of C$15.17 billion, a P/E ratio of 13.96, a P/E/G ratio of 4.09 and a beta of 1.00.

IGM Financial (TSE:IGM) last posted its quarterly earnings data on Thursday, February 12th. The financial services provider reported C$1.27 earnings per share (EPS) for the quarter. The company had revenue of C$1.05 billion for the quarter. IGM Financial had a net margin of 28.81% and a return on equity of 13.03%. As a group, analysts forecast that IGM Financial Inc. will post 4.006816 earnings per share for the current year.

IGM Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 30th were issued a $0.5625 dividend. This is a positive change from IGM Financial’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $2.25 annualized dividend and a yield of 3.5%. IGM Financial’s payout ratio is currently 48.49%.

Insider Activity at IGM Financial

In other IGM Financial news, Director James Patrick O’sullivan sold 2,800 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of C$68.35, for a total value of C$191,380.00. Following the completion of the sale, the director owned 134,329 shares in the company, valued at approximately C$9,181,387.15. This trade represents a 2.04% decrease in their position. In the last ninety days, insiders sold 92,400 shares of company stock valued at $6,306,649. 66.58% of the stock is currently owned by company 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.