IGM Financial (TSE:IGM) Stock Price Crosses Above 50-Day Moving Average – Should You Sell?

IGM Financial Inc. (TSE:IGM) shares passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of C$83.99 and traded as high as C$86.99. IGM Financial shares last traded at C$86.51, with a volume of 512,835 shares changing hands.

Analyst Ratings Changes

Several research firms have recently issued reports on IGM. TD lifted their price objective on shares of IGM Financial from C$92.00 to C$94.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Desjardins increased their target price on IGM Financial from C$93.00 to C$94.00 and gave the company a “buy” rating in a report on Monday. National Bank Financial raised their price target on IGM Financial from C$92.00 to C$94.00 and gave the company an “outperform” rating in a research note on Monday. BMO Capital Markets raised IGM Financial from a “hold” rating to an “outperform” rating and lifted their price target for the stock from C$83.00 to C$96.00 in a report on Thursday, October 22nd. Finally, Royal Bank Of Canada upped their price objective 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. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, IGM Financial currently has an average rating of “Moderate Buy” and an average price target of C$89.44.

IGM Financial Price Performance

The stock has a fifty day moving average of C$83.99 and a 200-day moving average of C$77.67. The company has a quick ratio of 0.31, a current ratio of 1.28 and a debt-to-equity ratio of 82.59. The stock has a market capitalization of C$19.77 billion, a price-to-earnings ratio of 17.51, a P/E/G ratio of 4.09 and a beta of 0.67.

IGM Financial (TSE:IGM) last announced its quarterly earnings results on Thursday, November 5th. The financial services provider reported C$1.51 EPS for the quarter. IGM Financial had a net margin of 29.82% and a return on equity of 12.91%. The company had revenue of C$1.32 billion for the quarter. On average, equities research analysts predict that IGM Financial Inc. will post 4.01 EPS for the current fiscal year.

IGM Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Friday, October 30th were issued a $0.62 dividend. The ex-dividend date was Monday, September 28th. This represents a $2.48 annualized dividend and a dividend yield of 2.9%. IGM Financial’s dividend payout ratio is presently 47.87%.

Insider Activity

In related news, Director J. Luke Gould sold 6,900 shares of the stock in a transaction on Friday, September 18th. The shares were sold at an average price of C$87.97, for a total value of C$606,993.00. In the last ninety days, insiders have sold 9,960 shares of company stock valued at $876,221. Corporate insiders own 66.58% of the company’s stock.

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.