IGM Financial Inc. (TSE:IGM) Stock Has Consensus Target Price of C$88.88 According to Brokerages

Key Points

• IGM Financial has a “Moderate Buy” consensus among eight analysts, with five buy ratings and three holds. The average 12-month price target is C$88.88, versus a recent share price of C$82.15.
• The company reported quarterly EPS of C$1.41, a 29.82% net margin and 12.91% return on equity. Analysts expect full-year EPS of approximately C$4.01.
• IGM recently paid a quarterly dividend of C$0.62, equivalent to C$2.48 annually and a 3.0% yield. Insiders sold 39,355 shares worth about C$3.54 million over the past 90 days.

Shares of IGM Financial Inc. (TSE:IGM - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$88.88.

A number of equities analysts have recently weighed in on IGM shares. Desjardins set a C$93.00 target price on IGM Financial and gave the company a "buy" rating in a report on Tuesday, October 27th. Canadian Imperial Bank of Commerce raised their price target on shares of IGM Financial from C$79.00 to C$85.00 in a report on Friday, July 10th. TD raised their price target 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. National Bank Financial upped 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 research note on Monday, July 27th. Finally, Royal Bank Of Canada increased their target price on shares of 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.

IGM Financial Stock Performance

Shares of IGM stock opened at C$82.15 on Friday. The company has a market capitalization of C$18.97 billion, a price-to-earnings ratio of 16.63, a P/E/G ratio of 4.09 and a beta of 0.83. IGM Financial has a 1-year low of C$53.40 and a 1-year high of C$92.01. The company has a current ratio of 1.28, a quick ratio of 0.31 and a debt-to-equity ratio of 82.59. The stock's fifty day simple moving average is C$84.55 and its 200-day simple moving average is C$77.16.

IGM Financial (TSE:IGM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The financial services provider reported C$1.41 earnings per share (EPS) for the quarter. IGM Financial had a return on equity of 12.91% and a net margin of 29.82%. The firm had revenue of C$1.07 million during the quarter. On average, sell-side analysts predict that IGM Financial will post 4.01 earnings per share for the current fiscal year.

IGM Financial Dividend Announcement

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

Insider Activity

In other IGM Financial news, Director J. Luke Gould sold 6,900 shares of the business's stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of C$87.97, for a total value of C$606,993.00. Also, Director Damon Murchison sold 7,300 shares of the business's stock in a transaction that occurred 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 directly owned 2,835 shares of the company's stock, valued at C$257,843.25. This represents a 72.03% decrease in their ownership of the stock. Over the last ninety days, insiders sold 39,355 shares of company stock worth $3,544,451. 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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