IGM Financial Inc. (TSE:IGM) Stock Has Average Target Price of C$82.00 According to Brokerages

Shares of IGM Financial Inc. (TSE:IGM) have received a consensus recommendation of “Hold” from the seven research firms that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$82.00.

Several analysts recently weighed in on the company. Scotiabank increased their target price on IGM Financial from C$84.00 to C$87.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. TD raised their target price on IGM Financial from C$92.00 to C$94.00 and gave the company a “buy” rating in a report on Thursday, July 30th. National Bank Financial lifted their price target on IGM Financial from C$85.00 to C$91.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. BMO Capital Markets lifted their price target on IGM Financial from C$72.00 to C$80.00 in a research report on Wednesday, July 15th. Finally, Canadian Imperial Bank of Commerce upped their price target on IGM Financial from C$79.00 to C$85.00 in a report on Friday, July 10th.

IGM Financial Stock Performance

Shares of IGM opened at C$81.21 on Wednesday. The company has a market capitalization of C$18.75 billion, a PE ratio of 16.44, a price-to-earnings-growth ratio of 4.09 and a beta of 0.83. The company has a debt-to-equity ratio of 82.59, a current ratio of 1.28 and a quick ratio of 0.31. IGM Financial has a one year low of C$51.00 and a one year high of C$92.01. The company’s fifty day moving average price is C$86.64 and its 200 day moving average price is C$80.52.

IGM Financial (TSE:IGM) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported C$1.41 earnings per share (EPS) for the quarter. The company 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, analysts expect that IGM Financial will post 4.01 earnings per share for the current year.

IGM Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 30th will be paid a $0.62 dividend. The ex-dividend date is Monday, September 28th. This represents a $2.48 annualized dividend and a dividend yield of 3.1%. IGM Financial’s dividend payout ratio (DPR) is presently 47.87%.

Insider Buying and Selling

In other IGM Financial news, insider Rhonda Goldberg sold 2,599 shares of the stock in a transaction on Friday, July 31st. The shares were sold at an average price of C$86.76, for a total value of C$225,489.24. Following the completion of the sale, the insider directly owned 3,453 shares of the company’s stock, valued at C$299,582.28. This represents a 42.94% decrease in their position. Also, Director Damon Murchison sold 7,300 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of C$90.95, for a total transaction of C$663,935.00. Following the completion of the sale, the director owned 2,835 shares in the company, valued at C$257,843.25. This represents a 72.03% decrease in their ownership of the stock. Over the last quarter, insiders have sold 44,658 shares of company stock valued at $4,005,757. 66.58% of the stock is owned by company insiders.

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.