IGM Financial Inc. (TSE:IGM) Given Consensus Rating of “Hold” by Brokerages

IGM Financial Inc. (TSE:IGM) has received a consensus recommendation of “Hold” from the eight analysts that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$73.75.

Several research firms have commented on IGM. Scotiabank upped their price objective on shares of IGM Financial from C$69.00 to C$76.00 in a report on Tuesday, April 28th. TD lifted their target price on shares of IGM Financial from C$80.00 to C$86.00 and gave the stock a “buy” rating in a report on Monday, May 11th. National Bank Financial upped their price target on shares of IGM Financial from C$82.00 to C$85.00 in a research note on Wednesday, April 29th. Canadian Imperial Bank of Commerce boosted their price target on IGM Financial from C$68.00 to C$76.00 in a research note on Wednesday, April 29th. Finally, BMO Capital Markets raised their price objective on IGM Financial from C$68.00 to C$72.00 in a research note on Wednesday, April 29th.

Insider Buying and Selling

In other news, Director James Patrick O’sullivan sold 700 shares of IGM Financial stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of C$77.90, for a total value of C$54,530.00. Following the completion of the sale, the director owned 93,248 shares in the company, valued at C$7,264,019.20. The trade was a 0.75% decrease in their position. Insiders sold 144,039 shares of company stock valued at $11,327,486 in the last quarter. Corporate insiders own 66.58% of the company’s stock.

IGM Financial Stock Performance

Shares of IGM stock opened at C$79.67 on Monday. The company has a fifty day moving average price of C$78.21 and a two-hundred day moving average price of C$70.22. IGM Financial has a one year low of C$42.13 and a one year high of C$84.41. The stock has a market cap of C$18.52 billion, a P/E ratio of 16.39, a P/E/G ratio of 4.09 and a beta of 1.03. The company has a debt-to-equity ratio of 81.91, a current ratio of 1.36 and a quick ratio of 0.31.

IGM Financial (TSE:IGM) last posted its earnings results on Thursday, May 7th. The financial services provider reported C$1.20 earnings per share for the quarter. IGM Financial had a return on equity of 13.19% and a net margin of 29.97%.The business had revenue of C$1.00 million for the quarter. As a group, equities analysts predict that IGM Financial will post 4.006816 EPS for the current year.

IGM Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 31st will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Monday, June 29th. IGM Financial’s payout ratio is presently 47.48%.

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.