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

Shares of IGM Financial Inc. (TSE:IGM) have received an average rating of “Hold” from the eight research firms that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$77.75.

IGM has been the topic of several research analyst reports. BMO Capital Markets boosted their price objective on IGM Financial from C$72.00 to C$80.00 in a research report on Wednesday, July 15th. Scotiabank raised their price objective on shares of IGM Financial from C$69.00 to C$76.00 in a report on Tuesday, April 28th. TD boosted their target price on shares of IGM Financial from C$80.00 to C$86.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Canadian Imperial Bank of Commerce boosted their target price on shares of IGM Financial from C$79.00 to C$85.00 in a research note on Friday, July 10th. Finally, National Bank Financial raised their price target on shares of IGM Financial from C$82.00 to C$85.00 in a research note on Wednesday, April 29th.

IGM Financial Trading Down 2.2%

Shares of IGM stock opened at C$82.91 on Friday. The company has a debt-to-equity ratio of 81.91, a quick ratio of 0.31 and a current ratio of 1.36. The company has a market capitalization of C$19.27 billion, a price-to-earnings ratio of 17.06, a PEG ratio of 4.09 and a beta of 1.03. IGM Financial has a 52-week low of C$44.69 and a 52-week high of C$87.99. The company has a 50-day simple moving average of C$80.37 and a two-hundred day simple moving average of C$72.37.

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

IGM Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 31st will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, June 29th. IGM Financial’s dividend payout ratio is currently 47.48%.

Insiders Place Their Bets

In related news, Director James Patrick O’sullivan sold 700 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of C$77.90, for a total value of C$54,530.00. Following the sale, the director directly owned 93,248 shares in the company, valued at approximately C$7,264,019.20. The trade was a 0.75% decrease in their position. Over the last ninety days, insiders sold 144,039 shares of company stock valued at $11,327,486. 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.