IGM Financial (TSE:IGM) Issues Quarterly Earnings Results

IGM Financial (TSE:IGM) issued its quarterly earnings data on Thursday. The financial services provider reported C$1.51 EPS for the quarter, FiscalAI reports. IGM Financial had a net margin of 29.82% and a return on equity of 12.91%. The business had revenue of C$1.32 billion during the quarter.

IGM Financial Trading Down 6.2%

TSE:IGM traded down C$5.27 during trading hours on Thursday, hitting C$79.51. 449,903 shares of the company were exchanged, compared to its average volume of 446,934. The stock has a market capitalization of C$18.36 billion, a price-to-earnings ratio of 16.10, a price-to-earnings-growth ratio of 4.09 and a beta of 0.67. The company has a current ratio of 1.28, a quick ratio of 0.31 and a debt-to-equity ratio of 82.59. IGM Financial has a one year low of C$53.40 and a one year high of C$92.01. The company has a fifty day simple moving average of C$84.29 and a 200 day simple moving average of C$77.44.

IGM Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Friday, October 30th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Monday, September 28th. IGM Financial’s dividend payout ratio is presently 47.87%.

Insider Transactions at IGM Financial

In other IGM Financial news, Director J. Luke Gould sold 6,900 shares of the business’s stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of C$87.97, for a total transaction of C$606,993.00. In the last three months, insiders sold 9,960 shares of company stock worth $876,221. 66.58% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on IGM shares. TD upped their target price on IGM Financial from C$92.00 to C$94.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. National Bank Financial increased their target price on IGM Financial from C$85.00 to C$91.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Desjardins set a C$93.00 price target on IGM Financial and gave the company a “buy” rating in a research note on Tuesday, October 27th. Canadian Imperial Bank of Commerce lifted their price target on IGM Financial from C$79.00 to C$85.00 in a research note on Friday, July 10th. Finally, Scotiabank boosted their price target on IGM Financial from C$84.00 to C$87.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$88.88.

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.