IGM Financial Inc. (TSE:IGM) Receives C$73.75 Consensus Price Target from Brokerages

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

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

Insider Transactions at IGM Financial

In other IGM Financial news, Director James Patrick O’sullivan sold 700 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 93,248 shares in the company, valued at approximately C$7,264,019.20. This trade represents a 0.75% decrease in their ownership of the stock. Insiders have sold 144,039 shares of company stock worth $11,327,486 in the last three months. Insiders own 66.58% of the company’s stock.

IGM Financial Price Performance

IGM opened at C$79.67 on Monday. The company has a quick ratio of 0.31, a current ratio of 1.36 and a debt-to-equity ratio of 81.91. The firm has a 50 day moving average price of C$78.21 and a 200-day moving average price of C$70.28. IGM Financial has a twelve month low of C$42.13 and a twelve month high of C$84.41. The stock has a market capitalization of C$18.52 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 4.09 and a beta of 1.03.

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

IGM Financial Dividend Announcement

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