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

IGM Financial Inc. (TSE:IGM) has been given an average rating of “Hold” by the eight ratings firms that are presently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$73.75.

A number of analysts recently issued reports on IGM shares. BMO Capital Markets increased their target price on shares of IGM Financial from C$68.00 to C$72.00 in a research report on Wednesday, April 29th. Scotiabank increased their target price on shares of IGM Financial from C$69.00 to C$76.00 in a research report on Tuesday, April 28th. Canadian Imperial Bank of Commerce increased their target price on shares of IGM Financial from C$68.00 to C$76.00 in a research report on Wednesday, April 29th. TD increased their target price on shares of 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. Finally, National Bank Financial increased their target price on shares of IGM Financial from C$82.00 to C$85.00 in a research report on Wednesday, April 29th.

IGM Financial Stock Performance

TSE IGM opened at C$76.70 on Monday. IGM Financial has a 12 month low of C$42.13 and a 12 month high of C$84.41. The company has a 50-day moving average of C$77.71 and a 200-day moving average of C$69.63. 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 company has a market cap of C$17.83 billion, a P/E ratio of 15.78, a P/E/G ratio of 4.09 and a beta of 1.03.

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

IGM Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 31st will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Monday, June 29th. IGM Financial’s dividend payout ratio is 47.48%.

Insider Transactions at IGM Financial

In related news, Director James Patrick O’sullivan sold 700 shares of the stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of C$77.90, for a total transaction of C$54,530.00. Following the completion of the sale, the director owned 93,248 shares of the company’s stock, valued at approximately C$7,264,019.20. This represents a 0.75% decrease in their position. Over the last three months, insiders have sold 144,039 shares of company stock worth $11,327,486. 66.58% of the stock is currently owned by corporate insiders.

IGM Financial News Roundup

Here are the key news stories impacting IGM Financial this week:

• Negative Sentiment: A company director sold a cluster of shares across two trading days, which can weigh on investor sentiment because insider selling is often viewed as a cautious signal. James O’Sullivan selling at IGM Financial (IGM)
• Neutral Sentiment: The sales were relatively modest versus the director’s remaining stake, so the transactions may reflect portfolio rebalancing rather than a fundamental change in outlook.
• Neutral Sentiment: IGM Financial remains supported by its recent quarterly results, which showed C$1.20 EPS and solid profitability, helping offset some of the negative tone from insider selling.

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.