IGM Financial Inc. (TSE:IGM) Stock Has Average Price Target of C$88.88

IGM Financial Inc. (TSE:IGM) has been given an average rating of “Moderate Buy” by the eight analysts that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$88.88.

Several equities research analysts have commented on IGM shares. Canadian Imperial Bank of Commerce upped their price objective on IGM Financial from C$79.00 to C$85.00 in a research report on Friday, July 10th. BMO Capital Markets raised shares of IGM Financial from a “hold” rating to an “outperform” rating and lifted their target price for the company from C$83.00 to C$96.00 in a report on Thursday, October 22nd. Scotiabank boosted their target price on shares of IGM Financial from C$84.00 to C$87.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. TD boosted their target price on shares of IGM Financial from C$92.00 to C$94.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Desjardins set a C$93.00 price target on shares of IGM Financial and gave the stock a “buy” rating in a report on Tuesday, October 27th.

Insider Transactions at IGM Financial

In other news, Director Damon Murchison sold 1,400 shares of the stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of C$89.65, for a total transaction of C$125,510.00. Following the sale, the director directly owned 11,735 shares of the company’s stock, valued at C$1,052,042.75. This represents a 10.66% decrease in their position. Also, Director J. Luke Gould sold 6,900 shares of the firm’s stock in a transaction dated Friday, September 18th. The shares were sold at an average price of C$87.97, for a total value of C$606,993.00. In the last quarter, insiders sold 15,060 shares of company stock valued at $1,333,202. Insiders own 66.58% of the company’s stock.

IGM Financial Stock Down 1.4%

TSE:IGM opened at C$82.35 on Friday. 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’s fifty day moving average price is C$84.38 and its 200-day moving average price is C$77.35. IGM Financial has a 1-year low of C$53.40 and a 1-year high of C$92.01. The firm has a market capitalization of C$19.01 billion, a P/E ratio of 16.67, a PEG ratio of 4.09 and a beta of 0.83.

IGM Financial Dividend Announcement

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

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.