National Bank Financial Issues Positive Forecast for IGM Financial (TSE:IGM) Stock Price

IGM Financial (TSE:IGM) had its price objective raised by National Bank Financial from C$85.00 to C$91.00 in a report published on Monday,BayStreet.CA reports. National Bank Financial currently has an outperform rating on the financial services provider’s stock.

Several other brokerages have also issued reports on IGM. Royal Bank Of Canada upped their price target on IGM Financial from C$77.00 to C$80.00 and gave the company a “sector perform” rating in a research note on Monday, July 13th. TD lifted their price objective on IGM Financial from C$80.00 to C$86.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Canadian Imperial Bank of Commerce boosted their price objective on IGM Financial from C$79.00 to C$85.00 in a report on Friday, July 10th. BMO Capital Markets boosted their price objective on IGM Financial from C$72.00 to C$80.00 in a report on Wednesday, July 15th. Finally, Scotiabank upped their target price on shares of IGM Financial from C$69.00 to C$76.00 in a research report on Tuesday, April 28th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of C$78.50.

IGM Financial Stock Performance

IGM stock opened at C$84.34 on Monday. The company has a 50 day moving average price of C$80.61 and a 200 day moving average price of C$72.65. IGM Financial has a fifty-two week low of C$44.69 and a fifty-two week high of C$87.99. The company has a debt-to-equity ratio of 81.91, a current ratio of 1.36 and a quick ratio of 0.31. The stock has a market capitalization of C$19.61 billion, a PE ratio of 17.35, a price-to-earnings-growth ratio of 4.09 and a beta of 1.03.

IGM Financial (TSE:IGM) last announced its quarterly earnings data on Thursday, May 7th. The financial services provider reported C$1.20 EPS for the quarter. The firm had revenue of C$1.00 million for the quarter. IGM Financial had a return on equity of 13.19% and a net margin of 29.97%. Analysts forecast that IGM Financial will post 4.006816 EPS for the current year.

IGM Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 31st will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Monday, June 29th. IGM Financial’s dividend payout ratio (DPR) is currently 47.48%.

Insider Activity at IGM Financial

In related news, Director James Patrick O’sullivan sold 700 shares of the company’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of C$77.90, for a total value of C$54,530.00. Following the completion of the sale, the director owned 93,248 shares in the company, valued at approximately C$7,264,019.20. This represents a 0.75% decrease in their ownership of the stock. Insiders sold 144,039 shares of company stock worth $11,327,486 over the last ninety days. 66.58% of the stock is owned by 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.