IGM Financial (TSE:IGM) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

IGM Financial Inc. (TSE:IGM) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$58.44 and traded as high as C$64.63. IGM Financial shares last traded at C$64.51, with a volume of 585,176 shares trading hands.

Analyst Ratings Changes

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

IGM Financial Stock Down 2.0%

The stock has a market cap of C$15.11 billion, a price-to-earnings ratio of 13.90, a P/E/G ratio of 4.09 and a beta of 1.00. 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 firm’s 50 day moving average is C$65.84 and its two-hundred day moving average is C$58.44.

IGM Financial (TSE:IGM) last released its quarterly earnings results 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%. On average, sell-side analysts predict that IGM Financial Inc. will post 4.006816 EPS for the current year.

IGM Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Friday, January 30th were given a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a yield of 3.5%. This is an increase from IGM Financial’s previous quarterly dividend of $0.56. The ex-dividend date was Tuesday, December 30th. IGM Financial’s dividend payout ratio (DPR) is 48.49%.

Insider Buying and Selling

In other IGM Financial news, Director James Patrick O’sullivan sold 2,800 shares of the business’s stock in a transaction 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 transaction, the director directly owned 134,329 shares in the company, valued at approximately C$9,181,387.15. The trade was a 2.04% decrease in their position. Over the last three months, insiders have sold 92,400 shares of company stock valued at $6,306,649. 66.58% of the stock is currently 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.