IGM Financial (TSE:IGM) Price Target Raised to C$94.00

IGM Financial (TSE:IGM) had its target price boosted by Desjardins from C$93.00 to C$94.00 in a research report released on Monday,BayStreet reports. Desjardins currently has a buy rating on the financial services provider’s stock.

A number of other research analysts have also issued reports on the stock. Scotiabank boosted their price target on shares of IGM Financial from C$84.00 to C$87.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. National Bank Financial raised their price objective on shares of IGM Financial from C$92.00 to C$94.00 and gave the company an “outperform” rating in a research report on Monday. TD raised their price objective on shares of IGM Financial from C$92.00 to C$94.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. BMO Capital Markets upgraded IGM Financial from a “hold” rating to an “outperform” rating and boosted their target price for the stock from C$83.00 to C$96.00 in a research report on Thursday, October 22nd. Finally, Royal Bank Of Canada boosted their target price on IGM Financial from C$80.00 to C$89.00 and gave the stock a “sector perform” rating in a research report on Friday, July 31st. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, IGM Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of C$89.44.

IGM Financial Stock Performance

Shares of IGM opened at C$87.17 on Monday. The stock has a market capitalization of C$19.93 billion, a P/E ratio of 15.08, a P/E/G ratio of 4.09 and a beta of 0.67. The company has a debt-to-equity ratio of 27.14, a quick ratio of 0.31 and a current ratio of 5.21. IGM Financial has a 1 year low of C$55.14 and a 1 year high of C$92.01. The company’s fifty day moving average is C$84.02 and its two-hundred day moving average is C$77.88.

IGM Financial (TSE:IGM) last released its earnings results on Thursday, November 5th. The financial services provider reported C$1.51 EPS for the quarter. IGM Financial had a net margin of 31.27% and a return on equity of 14.65%. The company had revenue of C$1.32 billion during the quarter. On average, sell-side analysts predict that IGM Financial will post 4.01 earnings per share for the current year.

IGM Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Friday, October 30th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Monday, September 28th. IGM Financial’s payout ratio is presently 41.91%.

Insider Buying and Selling at IGM Financial

In other news, Director J. Luke Gould sold 6,900 shares of the stock in a transaction dated Friday, September 18th. The shares were sold at an average price of C$87.97, for a total value of C$606,993.00. Over the last 90 days, insiders have sold 9,960 shares of company stock worth $876,221. Corporate insiders own 66.58% of the company’s stock.

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.