IGM Financial (TSE:IGM) Announces Quarterly Earnings Results

IGM Financial (TSE:IGM) announced its quarterly earnings data on Thursday. The financial services provider reported C$1.51 EPS for the quarter, FiscalAI reports. The business had revenue of C$1.32 billion for the quarter. IGM Financial had a return on equity of 12.91% and a net margin of 29.82%.

IGM Financial Price Performance

IGM Financial stock traded up C$1.88 during midday trading on Friday, reaching C$81.39. 391,367 shares of the stock traded hands, compared to its average volume of 446,674. The stock has a market cap of C$18.79 billion, a P/E ratio of 16.48, a PEG ratio of 4.09 and a beta of 0.67. The stock’s fifty day moving average is C$84.01 and its 200-day moving average is C$77.58. The company has a quick ratio of 0.31, a current ratio of 1.28 and a debt-to-equity ratio of 82.59. IGM Financial has a 12 month low of C$53.40 and a 12 month high of C$92.01.

IGM Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Friday, October 30th were paid a dividend of $0.62 per share. The ex-dividend date of this dividend was Monday, September 28th. This represents a $2.48 dividend on an annualized basis and a yield of 3.0%. IGM Financial’s dividend payout ratio is presently 47.87%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on IGM. Canadian Imperial Bank of Commerce lifted their target price on IGM Financial from C$79.00 to C$85.00 in a research note on Friday, July 10th. National Bank Financial increased their price objective on shares of IGM Financial from C$85.00 to C$91.00 and gave the company an “outperform” rating in a report on Monday, July 27th. BMO Capital Markets raised shares of IGM Financial from a “hold” rating to an “outperform” rating and increased their price objective for the company from C$83.00 to C$96.00 in a report on Thursday, October 22nd. Desjardins set a C$93.00 price objective on shares of IGM Financial and gave the company a “buy” rating in a research report on Tuesday, October 27th. Finally, TD boosted their target price on shares of IGM Financial from C$92.00 to C$94.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, IGM Financial currently has an average rating of “Moderate Buy” and an average price target of C$88.88.

Insider Transactions at IGM Financial

In other news, Director J. Luke Gould sold 900 shares of the company’s stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of C$87.99, for a total transaction of C$79,191.00. Over the last 90 days, insiders sold 9,960 shares of company stock valued at $876,221. 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.