IGM Financial Inc. (TSE:IGM) Receives Consensus Recommendation of “Hold” from Brokerages

IGM Financial Inc. (TSE:IGM) has earned a consensus recommendation of “Hold” from the seven research firms that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$82.00.

Several research analysts have issued reports on the stock. Royal Bank Of Canada raised their price target on shares of IGM Financial from C$80.00 to C$89.00 and gave the stock a “sector perform” rating in a report on Friday, July 31st. Canadian Imperial Bank of Commerce upped their price objective on shares of IGM Financial from C$79.00 to C$85.00 in a research note on Friday, July 10th. TD increased their price objective on shares of IGM Financial from C$92.00 to C$94.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. BMO Capital Markets lifted their target price on shares of IGM Financial from C$72.00 to C$80.00 in a research note on Wednesday, July 15th. Finally, National Bank Financial boosted their target price 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.

IGM Financial Price Performance

Shares of IGM opened at C$89.69 on Friday. IGM Financial has a 1 year low of C$50.06 and a 1 year high of C$92.01. The company has a debt-to-equity ratio of 82.59, a current ratio of 1.28 and a quick ratio of 0.31. The company has a market capitalization of C$20.71 billion, a price-to-earnings ratio of 18.16, a price-to-earnings-growth ratio of 4.09 and a beta of 0.93. The business has a 50-day moving average of C$86.23 and a 200-day moving average of C$77.75.

IGM Financial (TSE:IGM) last posted its quarterly earnings data on Wednesday, July 29th. The financial services provider reported C$1.41 EPS for the quarter. IGM Financial had a return on equity of 12.91% and a net margin of 29.82%.The company had revenue of C$1.07 million for the quarter. As a group, equities research analysts anticipate that IGM Financial will post 4.006816 earnings per share for the current year.

IGM Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 31st were given a $0.62 dividend. The ex-dividend date of this dividend was Monday, June 29th. This represents a $2.48 annualized dividend and a dividend yield of 2.8%. IGM Financial’s dividend payout ratio (DPR) is 47.87%.

Insider Activity

In related news, Director James Patrick O’sullivan sold 2,600 shares of the company’s stock in a transaction dated Friday, June 19th. The stock was sold at an average price of C$80.88, for a total transaction of C$210,288.00. Following the sale, the director owned 48,648 shares in the company, valued at C$3,934,650.24. This represents a 5.07% decrease in their position. Also, insider Rhonda Goldberg sold 2,599 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of C$86.76, for a total value of C$225,489.24. Following the sale, the insider directly owned 3,453 shares of the company’s stock, valued at C$299,582.28. This represents a 42.94% decrease in their position. Insiders have sold 60,148 shares of company stock valued at $5,151,421 in the last ninety days. 66.58% of the stock is owned by company insiders.

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.