IGM Financial (TSE:IGM) Shares Cross Above 200-Day Moving Average – Here’s What Happened

IGM Financial Inc. (TSE:IGM) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$72.22 and traded as high as C$85.85. IGM Financial shares last traded at C$84.78, with a volume of 542,730 shares traded.

Analysts Set New Price Targets

A number of brokerages have recently commented on IGM. National Bank Financial lifted their target price on IGM Financial from C$82.00 to C$85.00 in a report on Wednesday, April 29th. Scotiabank increased their price target on IGM Financial from C$69.00 to C$76.00 in a report on Tuesday, April 28th. BMO Capital Markets raised their price target on IGM Financial from C$72.00 to C$80.00 in a research report on Wednesday, July 15th. TD lifted their price objective on shares of IGM Financial from C$80.00 to C$86.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Finally, Royal Bank Of Canada boosted their price objective on shares of IGM Financial from C$77.00 to C$80.00 and gave the company a “sector perform” rating in a research report on Monday, July 13th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$77.75.

IGM Financial Stock Up 0.5%

The company has a current ratio of 1.36, a quick ratio of 0.31 and a debt-to-equity ratio of 81.91. The business has a 50-day moving average price of C$80.28 and a 200-day moving average price of C$72.22. The firm has a market cap of C$19.71 billion, a P/E ratio of 17.44, a P/E/G ratio of 4.09 and a beta of 1.03.

IGM Financial (TSE:IGM) last released its quarterly earnings data on Thursday, May 7th. The financial services provider reported C$1.20 earnings per share for the quarter. IGM Financial had a return on equity of 13.19% and a net margin of 29.97%.The firm had revenue of C$1.00 million during the quarter. On average, equities analysts forecast that IGM Financial Inc. will post 4.006816 EPS for the current fiscal year.

IGM Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 31st will be issued a $0.62 dividend. The ex-dividend date is Monday, June 29th. This represents a $2.48 annualized dividend and a dividend yield of 2.9%. IGM Financial’s payout ratio is currently 47.48%.

Insider Buying and Selling at IGM Financial

In other news, Director James Patrick O’sullivan sold 700 shares of the stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of C$77.90, for a total transaction of C$54,530.00. Following the transaction, the director directly owned 93,248 shares in the company, valued at approximately C$7,264,019.20. This trade represents a 0.75% decrease in their ownership of the stock. Over the last three months, insiders have sold 144,039 shares of company stock valued at $11,327,486. 66.58% of the stock is currently owned by corporate 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.