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

Key Points

• Analyst consensus "Hold": Seven brokerages give IGM an average rating of "Hold" (5 hold, 2 buy) with a one‑year average target of C$68.57, though individual targets and ratings range up to C$82 and include some buy/outperform calls.
• Dividend raised and solid fundamentals: IGM increased its quarterly dividend to C$0.5625 (annualized C$2.25) for a ~3.6% yield and a ~48.5% payout ratio; the stock opened at C$61.86 with a P/E of 13.33 and a market cap of C$14.49B.
• Notable insider activity: Insiders have sold 92,400 shares (~C$6.3M) in the last 90 days, including a director's sale of 25,000 shares, though insiders still own 66.58% of the company.

Shares of IGM Financial Inc. (TSE:IGM - Get Free Report) have been given an average rating of "Hold" by the seven brokerages that are currently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$68.57.

A number of equities research analysts have weighed in on the stock. Canadian Imperial Bank of Commerce upped their price target on shares of IGM Financial from C$61.00 to C$68.00 in a report on Wednesday, January 21st. Royal Bank Of Canada increased their target price on shares of IGM Financial from C$51.00 to C$65.00 and gave the company a "sector perform" rating in a research note on Monday, January 26th. National Bank Financial lifted their price target on shares of IGM Financial from C$68.00 to C$82.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 4th. TD Securities raised their price objective on IGM Financial from C$73.00 to C$76.00 and gave the stock a "buy" rating in a research note on Tuesday, February 17th. Finally, BMO Capital Markets boosted their target price on IGM Financial from C$57.00 to C$68.00 in a research report on Monday, January 26th.

IGM Financial Stock Performance

Shares of TSE IGM opened at C$61.86 on Friday. IGM Financial has a 1 year low of C$38.89 and a 1 year high of C$69.48. The firm has a market cap of C$14.49 billion, a P/E ratio of 13.33, a PEG ratio of 4.09 and a beta of 1.00. The stock has a fifty day moving average price of C$66.03 and a two-hundred day moving average price of C$59.23. The company has a debt-to-equity ratio of 82.52, a quick ratio of 0.31 and a current ratio of 4.55.

IGM Financial (TSE:IGM - Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The financial services provider reported C$1.27 earnings per share for the quarter. The business had revenue of C$1.05 billion during the quarter. IGM Financial had a return on equity of 13.03% and a net margin of 28.81%. Research analysts forecast that IGM Financial will post 4.006816 EPS for the current fiscal year.

IGM Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 30th were paid a dividend of $0.5625 per share. This is a boost from IGM Financial's previous quarterly dividend of $0.56. This represents a $2.25 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, December 30th. IGM Financial's payout ratio is currently 48.49%.

Insider Activity at IGM Financial

In other news, Director James Patrick O'sullivan sold 25,000 shares of the business's stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of C$68.73, for a total transaction of C$1,718,250.00. Following the sale, the director owned 38,229 shares in the company, valued at C$2,627,479.17. The trade was a 39.54% decrease in their ownership of the stock. Insiders have sold 92,400 shares of company stock valued at $6,306,649 in the last ninety days. Company insiders own 66.58% of the company's stock.

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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