IGM Financial Inc. (IGM.TO) – What Are Analysts Saying About This Stock?

Shares of IGM Financial Inc. (TSE:IGM) have been given an average rating of “Moderate Buy” by the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$88.88.

A number of equities research analysts have recently weighed in on IGM shares. BMO Capital Markets upgraded IGM Financial from a “hold” rating to an “outperform” rating and lifted their price objective for the stock from C$83.00 to C$96.00 in a research report on Thursday, October 22nd. TD upped their target price on IGM Financial from C$92.00 to C$94.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Desjardins set a C$93.00 price target on IGM Financial and gave the stock a “buy” rating in a research note on Tuesday, October 27th. National Bank Financial lifted their price target on shares of IGM Financial from C$85.00 to C$91.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Finally, Scotiabank upped their price objective on shares of 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.

Insider Buying and Selling

In other IGM Financial news, Director J. Luke Gould sold 900 shares of IGM Financial stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of C$87.99, for a total transaction of C$79,191.00. Insiders have sold 9,960 shares of company stock valued at $876,221 in the last ninety days. Company insiders own 66.58% of the company’s stock.

IGM Financial Stock Performance

IGM Financial stock opened at C$81.39 on Friday. The company has a current ratio of 1.28, a quick ratio of 0.31 and a debt-to-equity ratio of 82.59. The firm has a 50-day moving average of C$84.01 and a 200-day moving average of C$77.58. The firm has a market cap of C$18.79 billion, a P/E ratio of 16.48, a P/E/G ratio of 4.09 and a beta of 0.67. IGM Financial has a 1-year low of C$53.40 and a 1-year high of C$92.01.

IGM Financial (TSE:IGM) last announced its quarterly earnings results on Thursday, November 5th. The financial services provider reported C$1.51 earnings per share (EPS) for the quarter. The company had revenue of C$1.32 billion for the quarter. IGM Financial had a return on equity of 12.91% and a net margin of 29.82%. Sell-side analysts expect that IGM Financial will post 4.01 EPS for the current year.

IGM Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Friday, October 30th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Monday, September 28th. IGM Financial’s dividend payout ratio is presently 47.87%.

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.