IGM Financial Inc. (TSE:IGM) Receives C$77.75 Average PT from Analysts

Shares of IGM Financial Inc. (TSE:IGM) have received an average rating of “Hold” from the eight analysts that are covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$77.75.

Several equities analysts have recently commented on the stock. BMO Capital Markets boosted their target price on shares of IGM Financial from C$72.00 to C$80.00 in a report on Wednesday, July 15th. Royal Bank Of Canada lifted their target price on shares of IGM Financial from C$77.00 to C$80.00 and gave the stock a “sector perform” rating in a research note on Monday, July 13th. Scotiabank lifted their target price on IGM Financial from C$69.00 to C$76.00 in a report on Tuesday, April 28th. Canadian Imperial Bank of Commerce lifted their price target on shares of IGM Financial from C$79.00 to C$85.00 in a research note on Friday, July 10th. Finally, National Bank Financial increased their price objective on shares of IGM Financial from C$82.00 to C$85.00 in a research report on Wednesday, April 29th.

Insider Transactions at IGM Financial

In other IGM Financial news, Director Douglas Milne sold 6,620 shares of IGM Financial stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of C$76.98, for a total value of C$509,607.60. Following the sale, the director owned 1,036 shares of the company’s stock, valued at approximately C$79,751.28. The trade was a 86.47% decrease in their position. Also, Director J. Luke Gould sold 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of C$78.40, for a total transaction of C$862,400.00. Following the transaction, the director directly owned 8,850 shares in the company, valued at C$693,840. The trade was a 55.42% decrease in their position. Insiders have sold a total of 144,039 shares of company stock worth $11,327,486 over the last ninety days. 66.58% of the stock is currently owned by company insiders.

IGM Financial Price Performance

IGM opened at C$83.29 on Friday. The company has a quick ratio of 0.31, a current ratio of 1.36 and a debt-to-equity ratio of 81.91. The company’s 50-day moving average price is C$80.48 and its two-hundred day moving average price is C$72.51. The stock has a market cap of C$19.36 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 4.09 and a beta of 1.03. IGM Financial has a twelve month low of C$44.69 and a twelve month high of C$87.99.

IGM Financial (TSE:IGM) last announced its earnings results on Thursday, May 7th. The financial services provider reported C$1.20 earnings per share for the quarter. IGM Financial had a net margin of 29.97% and a return on equity of 13.19%. The business had revenue of C$1.00 million for the quarter. As a group, equities analysts expect that IGM Financial will post 4.006816 earnings per share for the current year.

IGM Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 31st will be issued a $0.62 dividend. The ex-dividend date of this dividend is Monday, June 29th. This represents a $2.48 annualized dividend and a dividend yield of 3.0%. IGM Financial’s payout ratio is presently 47.48%.

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.