Brokerages Set IGM Financial Inc. (TSE:IGM) Price Target at C$68.57

Shares of IGM Financial Inc. (TSE:IGM) have been given an average recommendation of “Hold” by the seven brokerages that are presently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$68.57.

Several research firms have issued reports on IGM. National Bank Financial boosted their price objective on IGM Financial from C$68.00 to C$82.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Royal Bank Of Canada raised their target price on shares of IGM Financial from C$51.00 to C$65.00 and gave the stock a “sector perform” rating in a report on Monday, January 26th. 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. TD Securities boosted their price target on shares of IGM Financial from C$73.00 to C$76.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. Finally, Canadian Imperial Bank of Commerce upped their price target on shares of IGM Financial from C$61.00 to C$68.00 in a research report on Wednesday, January 21st.

IGM Financial Stock Performance

IGM opened at C$63.43 on Friday. The company has a quick ratio of 0.31, a current ratio of 4.55 and a debt-to-equity ratio of 82.52. The firm has a market cap of C$14.86 billion, a PE ratio of 13.67, a P/E/G ratio of 4.09 and a beta of 1.00. The business has a fifty day simple moving average of C$66.01 and a 200-day simple moving average of C$59.47. IGM Financial has a fifty-two week low of C$38.89 and a fifty-two week high of C$69.48.

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

IGM Financial Increases Dividend

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

Insider Buying and Selling

In other IGM Financial news, Director James Patrick O’sullivan sold 2,800 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of C$68.35, for a total transaction of C$191,380.00. Following the completion of the sale, the director directly 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 three months, insiders sold 92,400 shares of company stock worth $6,306,649. Company 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.