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

Shares of IGM Financial Inc. (TSE:IGM) have been assigned a consensus recommendation of “Hold” from the eight analysts that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$73.75.

IGM has been the topic of a number of research reports. TD Securities boosted their price objective on shares of 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. Scotiabank boosted their price objective 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 boosted their price objective on shares of IGM Financial from C$68.00 to C$76.00 in a research report on Wednesday, April 29th. TD boosted their price objective 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, BMO Capital Markets boosted their price objective on shares of IGM Financial from C$68.00 to C$72.00 in a research report on Wednesday, April 29th.

Insider Buying and Selling at IGM Financial

In other IGM Financial news, Director Kelly Hepher sold 897 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of C$80.27, for a total transaction of C$72,002.19. Also, Director J. Luke Gould sold 900 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of C$78.10, for a total transaction of C$70,290.00. Following the sale, the director directly owned 4,300 shares in the company, valued at C$335,830. This trade represents a 17.31% decrease in their ownership of the stock. Insiders have sold 106,592 shares of company stock worth $8,339,384 over the last ninety days. Insiders own 66.58% of the company’s stock.

IGM Financial Stock Performance

Shares of IGM opened at C$79.44 on Thursday. The company has a debt-to-equity ratio of 81.91, a quick ratio of 0.31 and a current ratio of 1.36. IGM Financial has a twelve month low of C$42.13 and a twelve month high of C$82.26. The firm’s 50 day moving average price is C$75.04 and its two-hundred day moving average price is C$67.72. The firm has a market cap of C$18.47 billion, a P/E ratio of 16.35, a PEG ratio of 4.09 and a beta of 1.03.

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

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.