IGM Financial (TSE:IGM) Price Target Raised to C$91.00

IGM Financial (TSE:IGM) had its target price upped by National Bank Financial from C$85.00 to C$91.00 in a research report sent to investors on Monday,BayStreet.CA reports. They currently have an outperform rating on the financial services provider’s stock.

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

IGM Financial Stock Performance

Shares of IGM opened at C$81.93 on Monday. The stock has a 50-day simple moving average of C$80.83 and a 200-day simple moving average of C$72.93. The company has a debt-to-equity ratio of 81.91, a quick ratio of 0.31 and a current ratio of 1.36. The stock has a market capitalization of C$19.05 billion, a PE ratio of 16.86, a PEG ratio of 4.09 and a beta of 1.03. IGM Financial has a 1 year low of C$44.69 and a 1 year high of C$87.99.

IGM Financial (TSE:IGM) last announced its quarterly earnings data on Wednesday, July 29th. The financial services provider reported C$1.41 EPS for the quarter. IGM Financial had a return on equity of 13.19% and a net margin of 29.97%.The business had revenue of C$1.07 million during the quarter. On average, analysts predict that IGM Financial will post 4.006816 earnings per share for the current fiscal year.

IGM Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 31st will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Monday, June 29th. IGM Financial’s dividend payout ratio (DPR) is 47.48%.

Insider Buying and Selling at IGM Financial

In other IGM Financial news, Director Douglas Milne sold 6,620 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of C$76.98, for a total transaction of C$509,607.60. Following the completion of the transaction, the director owned 1,036 shares in the company, valued at approximately C$79,751.28. This represents a 86.47% decrease in their position. Also, insider Rhonda Goldberg sold 3,347 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of C$77.10, for a total transaction of C$258,053.70. Following the completion of the sale, the insider owned 6,052 shares of the company’s stock, valued at C$466,609.20. This trade represents a 35.61% decrease in their position. In the last three months, insiders have sold 144,039 shares of company stock valued at $11,327,486. 66.58% of the stock is owned by company insiders.

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.