IGM Financial Inc. (TSE:IGM) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Shares of IGM Financial Inc. (TSE:IGM) have received an average rating of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$88.88.

Several research firms recently weighed in on IGM. Royal Bank Of Canada increased their target price 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. BMO Capital Markets raised shares of IGM Financial from a “hold” rating to an “outperform” rating and raised their target price for the stock from C$83.00 to C$96.00 in a research report on Thursday, October 22nd. Canadian Imperial Bank of Commerce lifted their price target on shares of IGM Financial from C$79.00 to C$85.00 in a report on Friday, July 10th. Desjardins set a C$93.00 price objective on shares of IGM Financial and gave the company a “buy” rating in a research note on Tuesday, October 27th. Finally, Scotiabank increased their target price on IGM Financial from C$84.00 to C$87.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th.

Insider Buying and Selling at IGM Financial

In related news, Director J. Luke Gould sold 900 shares of IGM Financial stock in a transaction dated Friday, September 18th. The stock was sold at an average price of C$87.99, for a total value of C$79,191.00. Insiders have sold a total of 9,960 shares of company stock worth $876,221 over the last three months. 66.58% of the stock is currently owned by company insiders.

IGM Financial Trading Down 6.2%

Shares of IGM stock opened at C$79.51 on Friday. The business’s 50 day moving average is C$84.13 and its two-hundred day moving average is C$77.50. IGM Financial has a twelve month low of C$53.40 and a twelve month high of C$92.01. The company has a market capitalization of C$18.36 billion, a P/E ratio of 16.10, a price-to-earnings-growth ratio of 4.09 and a beta of 0.67. The company has a current ratio of 1.28, a quick ratio of 0.31 and a debt-to-equity ratio of 82.59.

IGM Financial (TSE:IGM) last posted its quarterly earnings results on Thursday, November 5th. The financial services provider reported C$1.51 earnings per share for the quarter. The business had revenue of C$1.32 billion for the quarter. IGM Financial had a net margin of 29.82% and a return on equity of 12.91%. Equities analysts forecast that IGM Financial will post 4.01 EPS for the current year.

IGM Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Friday, October 30th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, September 28th. IGM Financial’s payout ratio is presently 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.