IGM Financial (TSE:IGM) Issues Earnings Results

IGM Financial (TSE:IGM) announced its earnings results on Wednesday. The financial services provider reported C$1.41 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$1.07 million during the quarter. IGM Financial had a net margin of 29.97% and a return on equity of 13.19%.

IGM Financial Stock Performance

IGM Financial stock traded down C$2.79 during midday trading on Wednesday, reaching C$81.93. 266,304 shares of the company’s stock were exchanged, compared to its average volume of 464,222. 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 52 week low of C$44.69 and a 52 week high of C$87.99. The stock’s 50-day simple moving average is C$80.76 and its 200 day simple moving average is C$72.80. The firm has a market cap of C$19.05 billion, a price-to-earnings ratio of 16.86, a P/E/G ratio of 4.09 and a beta of 1.03.

IGM Financial Announces Dividend

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

Insiders Place Their Bets

In other news, insider Rhonda Goldberg sold 3,347 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of C$77.10, for a total value of C$258,053.70. Following the transaction, the insider owned 6,052 shares of the company’s stock, valued at approximately C$466,609.20. This represents a 35.61% decrease in their ownership of the stock. Also, 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 value of C$509,607.60. Following the completion of the transaction, the director directly owned 1,036 shares in the company, valued at approximately C$79,751.28. This represents a 86.47% decrease in their ownership of the stock. Insiders sold a total of 144,039 shares of company stock valued at $11,327,486 over the last ninety days. 66.58% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on IGM. TD lifted their price target on IGM Financial from C$80.00 to C$86.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Royal Bank Of Canada increased their price objective on 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. National Bank Financial lifted their target price on IGM Financial from C$85.00 to C$91.00 and gave the company an “outperform” rating in a research report on Monday. Scotiabank boosted their target price on IGM Financial from C$69.00 to C$76.00 in a research note on Tuesday, April 28th. Finally, Canadian Imperial Bank of Commerce boosted their target price on IGM Financial from C$79.00 to C$85.00 in a research note on Friday, July 10th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, IGM Financial has a consensus rating of “Hold” and an average target price of C$78.50.

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.