IGM Financial Inc. (TSE:IGM) Stock Has Average Target Price of C$82.00

IGM Financial Inc. (TSE:IGM) has received a consensus rating of “Hold” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$82.00.

A number of research firms recently issued reports on IGM. Scotiabank boosted their price objective on 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. BMO Capital Markets raised their target price on IGM Financial from C$72.00 to C$80.00 in a research note on Wednesday, July 15th. Canadian Imperial Bank of Commerce raised their target price on IGM Financial from C$79.00 to C$85.00 in a research note on Friday, July 10th. Royal Bank Of Canada lifted their target price on IGM Financial from C$80.00 to C$89.00 and gave the company a “sector perform” rating in a report on Friday, July 31st. Finally, TD lifted 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.

IGM Financial Stock Up 0.3%

IGM Financial stock opened at C$81.49 on Wednesday. IGM Financial has a 1-year low of C$51.00 and a 1-year high of C$92.01. The firm has a market capitalization of C$18.82 billion, a price-to-earnings ratio of 16.50, a P/E/G ratio of 4.09 and a beta of 0.83. 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 simple moving average of C$86.33 and a 200 day simple moving average of C$80.75.

IGM Financial (TSE:IGM) last issued its earnings results on Wednesday, July 29th. The financial services provider reported C$1.41 earnings per share (EPS) for the quarter. The business had revenue of C$1.07 million for the quarter. IGM Financial had a net margin of 29.82% and a return on equity of 12.91%. On average, analysts predict that IGM Financial will post 4.01 earnings per share for the current year.

IGM Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 30th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Monday, September 28th. IGM Financial’s dividend payout ratio (DPR) is 47.87%.

Insider Activity

In related news, Director J. Luke Gould sold 6,900 shares of the company’s stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of C$87.97, for a total transaction of C$606,993.00. Also, insider Rhonda Goldberg sold 2,599 shares of the 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 transaction of C$225,489.24. Following the completion of the sale, the insider owned 3,453 shares in the company, valued at C$299,582.28. This represents a 42.94% decrease in their ownership of the stock. Over the last ninety days, insiders sold 44,658 shares of company stock worth $4,005,757. 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.