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

Posted by Geri Gentry on Aug 16th, 2026

IGM Financial Inc. (TSE:IGM – Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$74.82 and traded as high as C$90.45. IGM Financial shares last traded at C$89.01, with a volume of 318,750 shares traded.

Analysts Set New Price Targets

IGM has been the topic of several recent analyst reports. Canadian Imperial Bank of Commerce increased their target price on IGM Financial from C$79.00 to C$85.00 in a research note on Friday, July 10th. TD boosted their price target on IGM Financial from C$92.00 to C$94.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. BMO Capital Markets boosted their price target on IGM Financial from C$72.00 to C$80.00 in a research note on Wednesday, July 15th. Scotiabank upped 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, National Bank Financial increased their price objective on IGM Financial from C$85.00 to C$91.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, IGM Financial has an average rating of “Hold” and a consensus target price of C$82.00.

Get Our Latest Research Report on IGM Financial

IGM Financial Trading Down 0.4%

The company has a debt-to-equity ratio of 82.59, a current ratio of 1.28 and a quick ratio of 0.31. The stock’s 50-day moving average is C$83.24 and its two-hundred day moving average is C$74.82. The company has a market cap of C$20.55 billion, a P/E ratio of 18.02, a P/E/G ratio of 4.09 and a beta of 1.04.

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

IGM Financial Announces Dividend

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

Insider Activity at IGM Financial

In related news, Director Damon Murchison sold 700 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of C$89.48, for a total transaction of C$62,636.00. Following the completion of the sale, the director owned 3,335 shares in the company, valued at approximately C$298,415.80. This represents a 17.35% decrease in their ownership of the stock. Insiders sold a total of 163,486 shares of company stock valued at $13,284,616 over the last three months. Insiders own 66.58% of the company’s stock.

About IGM Financial

(Get Free Report)

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.