IGM Financial Inc. (TSE:IGM) Given Consensus Recommendation of “Hold” by Brokerages

Shares of IGM Financial Inc. (TSE:IGM) have earned an average recommendation of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$68.57.

Several research analysts have commented on IGM shares. National Bank Financial raised their price objective on IGM Financial from C$68.00 to C$82.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. BMO Capital Markets upped their target price on IGM Financial from C$57.00 to C$68.00 in a report on Monday, January 26th. TD Securities increased their price target on IGM Financial from C$73.00 to C$76.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Royal Bank Of Canada raised their price target on IGM Financial from C$51.00 to C$65.00 and gave the company a “sector perform” rating in a research note on Monday, January 26th. Finally, Canadian Imperial Bank of Commerce lifted their price objective on IGM Financial from C$61.00 to C$68.00 in a report on Wednesday, January 21st.

IGM Financial Price Performance

IGM Financial stock opened at C$65.12 on Friday. The company has a debt-to-equity ratio of 82.52, a current ratio of 4.55 and a quick ratio of 0.31. The stock has a market cap of C$15.25 billion, a price-to-earnings ratio of 14.03, a price-to-earnings-growth ratio of 4.09 and a beta of 1.00. The firm has a 50-day moving average of C$66.02 and a two-hundred day moving average of C$59.60. IGM Financial has a 1 year low of C$38.89 and a 1 year high of C$69.48.

IGM Financial (TSE:IGM) last issued its earnings results on Thursday, February 12th. The financial services provider reported C$1.27 EPS for the quarter. IGM Financial had a net margin of 28.81% and a return on equity of 13.03%. The business had revenue of C$1.05 billion for the quarter. On average, research analysts forecast that IGM Financial will post 4.006816 earnings per share for the current year.

IGM Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 30th were given a dividend of $0.5625 per share. This is a positive change from IGM Financial’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $2.25 dividend on an annualized basis and a yield of 3.5%. IGM Financial’s payout ratio is 48.49%.

Insider Activity at IGM Financial

In other news, Director James Patrick O’sullivan sold 2,800 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of C$68.35, for a total value of C$191,380.00. Following the completion of the sale, the director owned 134,329 shares of the company’s stock, valued at approximately C$9,181,387.15. This represents a 2.04% decrease in their position. In the last three months, insiders have sold 92,400 shares of company stock valued at $6,306,649. Insiders own 66.58% of the company’s stock.

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.