Brokerages Set IGM Financial Inc. (TSE:IGM) Price Target at C$82.00

Shares of IGM Financial Inc. (TSE:IGM) have been assigned an average recommendation of “Hold” from the seven research firms that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$82.00.

Several analysts recently commented on the company. TD raised their target price on IGM Financial from C$92.00 to C$94.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Scotiabank upped their price objective on IGM Financial from C$84.00 to C$87.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. National Bank Financial raised their price objective on shares of IGM Financial from C$85.00 to C$91.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Royal Bank Of Canada lifted their target price on shares of 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, BMO Capital Markets boosted their target price on shares of IGM Financial from C$72.00 to C$80.00 in a research note on Wednesday, July 15th.

IGM Financial Trading Up 0.8%

TSE IGM opened at C$87.57 on Tuesday. The company has a market capitalization of C$20.22 billion, a PE ratio of 17.73, a P/E/G ratio of 4.09 and a beta of 1.04. The company has a fifty day moving average of C$84.06 and a 200 day moving average of C$75.75. IGM Financial has a 1 year low of C$48.08 and a 1 year high of C$92.01. The company has a debt-to-equity ratio of 82.59, a current ratio of 1.28 and a quick ratio of 0.31.

IGM Financial (TSE:IGM) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported C$1.41 earnings per share for the quarter. The company had revenue of C$1.07 million for the quarter. IGM Financial had a return on equity of 12.91% and a net margin of 29.82%. Research analysts forecast that IGM Financial will post 4.006816 earnings per share for the current year.

IGM Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 31st were given a $0.62 dividend. The ex-dividend date was Monday, June 29th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.8%. IGM Financial’s dividend payout ratio is 47.87%.

Insider Activity at IGM Financial

In related news, Director Damon Murchison sold 700 shares of IGM Financial stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of C$89.48, for a total value of C$62,636.00. Following the completion of the transaction, the director owned 3,335 shares in the company, valued at C$298,415.80. The trade was a 17.35% decrease in their position. In the last 90 days, insiders sold 81,355 shares of company stock worth $6,839,682. 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.