IGM Financial Inc. (TSE:IGM) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Analysts maintain a “Hold” consensus on IGM Financial, with four hold ratings and three buy ratings. The average 12-month price target is C$82.00, below the reported share price of C$83.68.
• IGM Financial reported quarterly earnings of C$1.41 per share and announced a quarterly dividend of C$0.62 per share, equivalent to an annualized C$2.48 payout and a 3.0% yield.
• Insiders have sold 44,658 shares worth approximately C$4.0 million over the past 90 days, although insiders still own 66.58% of the company.

Shares of IGM Financial Inc. (TSE:IGM - Get Free Report) have been assigned an average recommendation of "Hold" from the seven brokerages that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$82.00.

Several research firms have weighed in on IGM. TD lifted their target price on IGM Financial from C$92.00 to C$94.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Scotiabank increased their price target on shares of 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. Royal Bank Of Canada raised their price target on shares of IGM Financial from C$80.00 to C$89.00 and gave the stock a "sector perform" rating in a report on Friday, July 31st. Canadian Imperial Bank of Commerce boosted their price objective on shares of IGM Financial from C$79.00 to C$85.00 in a research report on Friday, July 10th. Finally, BMO Capital Markets upped their price objective on shares of IGM Financial from C$72.00 to C$80.00 in a research note on Wednesday, July 15th.

IGM Financial Price Performance

IGM opened at C$83.68 on Wednesday. The firm has a market capitalization of C$19.32 billion, a P/E ratio of 16.94, a PEG ratio of 4.09 and a beta of 0.83. The stock has a fifty day moving average of C$86.88 and a 200-day moving average of C$80.12. 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$51.00 and a 12-month high of C$92.01.

IGM Financial (TSE:IGM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported C$1.41 earnings per share for the quarter. The business had revenue of C$1.07 million for the quarter. IGM Financial had a return on equity of 12.91% and a net margin of 29.82%. Equities analysts forecast that IGM Financial will post 4.006816 EPS for the current fiscal year.

IGM Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 30th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Monday, September 28th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.0%. IGM Financial's dividend payout ratio (DPR) is 47.87%.

Insider Activity

In other news, insider Rhonda Goldberg sold 2,599 shares of the company's 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 transaction, the insider directly owned 3,453 shares of the company's stock, valued at approximately C$299,582.28. This represents a 42.94% decrease in their ownership of the stock. Also, Director J. Luke Gould sold 6,900 shares of the stock in a transaction on Friday, September 18th. The stock was sold at an average price of C$87.97, for a total value of C$606,993.00. Insiders have sold a total of 44,658 shares of company stock worth $4,005,757 in the last ninety days. Corporate insiders own 66.58% of the company's stock.

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.

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