IGM Financial Inc. (TSE:IGM) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Analysts have a consensus “Hold” rating on IGM Financial, with four hold ratings and three buys. The average 12-month price target is C$82.00, below the reported share price of C$88.31.
• Several brokerages recently raised their price targets, including TD to C$94, National Bank Financial to C$91 and RBC to C$89; IGM reported quarterly EPS of C$1.41.
• Insiders sold 163,486 shares worth approximately C$13.3 million over the past 90 days. The company paid a quarterly dividend of C$0.62 per share, representing a 2.8% annualized yield.

IGM Financial Inc. (TSE:IGM - Get Free Report) has earned an average recommendation of "Hold" from the seven brokerages that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$82.00.

A number of equities research analysts recently issued reports on IGM shares. Royal Bank Of Canada upped their price target on shares of IGM Financial from C$80.00 to C$89.00 and gave the company a "sector perform" rating in a research note on Friday, July 31st. 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. Canadian Imperial Bank of Commerce boosted their price objective on IGM Financial from C$79.00 to C$85.00 in a research note on Friday, July 10th. TD upped their price objective on IGM Financial from C$92.00 to C$94.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Finally, National Bank Financial raised their price objective on 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.

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 stock was 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 of the company's stock, valued at C$257,843.25. This represents a 72.03% decrease in their ownership of the stock. Also, Director J. Luke Gould sold 11,000 shares of the firm's stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of C$78.40, for a total value of C$862,400.00. Following the transaction, the director owned 8,850 shares in the company, valued at C$693,840. The trade was a 55.42% decrease in their ownership of the stock. Insiders sold a total of 163,486 shares of company stock worth $13,284,616 in the last ninety days. 66.58% of the stock is currently owned by insiders.

IGM Financial Stock Down 0.8%

Shares of IGM stock opened at C$88.31 on Tuesday. The company has a market capitalization of C$20.39 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 4.09 and a beta of 1.04. IGM Financial has a one year low of C$48.08 and a one year high of C$92.01. The company's fifty day moving average price is C$83.40 and its 200-day moving average price is C$75.03. 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 (TSE:IGM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The financial services provider reported C$1.41 EPS for the quarter. IGM Financial had a return on equity of 12.91% and a net margin of 29.82%.The business had revenue of C$1.07 million for the quarter. Sell-side analysts expect that IGM Financial will post 4.006816 EPS for the current fiscal year.

IGM Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 31st were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Monday, June 29th. IGM Financial's dividend payout ratio (DPR) is 47.87%.

About IGM Financial

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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