IGM Financial Inc. (TSE:IGM) Receives Average Rating of “Hold” from Analysts

Shares of IGM Financial Inc. (TSE:IGM) have received a consensus recommendation of “Hold” from the seven analysts that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$82.00.

A number of research firms have recently weighed in on IGM. BMO Capital Markets raised their price target on shares of IGM Financial from C$72.00 to C$80.00 in a report on Wednesday, July 15th. National Bank Financial upped their target price 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. Canadian Imperial Bank of Commerce boosted their price target on IGM Financial from C$79.00 to C$85.00 in a research note on Friday, July 10th. Royal Bank Of Canada upped their price objective on shares of IGM Financial from C$80.00 to C$89.00 and gave the company a “sector perform” rating in a report on Friday, July 31st. Finally, TD lifted 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 research note on Thursday, July 30th.

Insider Activity

In related news, Director Damon Murchison sold 7,300 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of C$90.95, for a total value of C$663,935.00. Following the transaction, the director owned 2,835 shares in the company, valued at approximately C$257,843.25. This represents a 72.03% decrease in their position. Also, Director J. Luke Gould sold 11,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of C$78.40, for a total transaction of C$862,400.00. Following the transaction, the director directly owned 8,850 shares of the company’s stock, valued at C$693,840. This represents a 55.42% decrease in their ownership of the stock. Over the last 90 days, insiders sold 163,486 shares of company stock valued at $13,284,616. Company insiders own 66.58% of the company’s stock.

IGM Financial Stock Down 0.8%

IGM Financial stock opened at C$88.31 on Tuesday. 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 firm has a market cap of C$20.39 billion, a P/E ratio of 17.88, a P/E/G ratio of 4.09 and a beta of 1.04. The business has a fifty day moving average of C$83.40 and a two-hundred day moving average of C$75.03. IGM Financial has a twelve month low of C$48.08 and a twelve month high of C$92.01.

IGM Financial (TSE:IGM) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported C$1.41 earnings per share for the quarter. IGM Financial had a return on equity of 12.91% and a net margin of 29.82%.The company had revenue of C$1.07 million for the quarter. On average, analysts forecast that IGM Financial 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. Shareholders of record on Friday, July 31st were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Monday, June 29th. This represents a $2.48 dividend on an annualized basis and a yield of 2.8%. IGM Financial’s payout ratio is currently 47.87%.

IGM Financial Company Profile

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.