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Investor Insights

This summary was created by AI, based on 7 opinions in the last 12 months.

IGM Financial Inc. has been recommended as a top pick by multiple experts due to its strong financial performance, steady cash reserves, aggressive debt reduction, and solid dividend yield. The company's recent net earnings growth, investment in WealthSimple, and low valuation metrics make it an attractive investment option with potential upside. Analysts have set a price target above the current trading price, further indicating positive sentiment towards this stock.

Consensus
Positive
Valuation
Undervalued
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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
IGM Financial Inc.
Stockchase Research Editor: Michael O’Reilly

Following recently reported net earnings growth of 87% over the year, we reiterate IGM as a TOP PICK.  Its investment in WealthSimple is up 20%.  Cash reserves remain steady as debt is aggressively retired and shares bought back.  It trades at 10x earnings, 1.3x book value and supports a 14% ROE. We continue to recommend a stop at $33, looking to achieve $42 — upside potential of 18%.  It pays a nice dividend, backed by a payout ratio under 50% of cash flow.  Yield 6.3%

(Analysts’ price target is $41.71)
investment companies / funds
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
IGM Financial Inc.
(A Top Pick Nov 28/23, Up 8.2%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with IGM is progressing well.  To remain disciplined, we recommend trailing up the stop (from $30) to $33 at this time.  

investment companies / funds
DON'T BUY
IGM Financial Inc.
POW vs. GWO vs. IGM

His best guess is that GWO might be the best performer of the 3, though it's not particularly liquid but shouldn't be an issue for the retail investor. Insurance companies tend to do well in a rising rate environment, because it tends to discount their liabilities to a degree.

investment companies / funds
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
IGM Financial Inc.
(A Top Pick Nov 14/23, Up 8.3%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with IGM is progressing well.  To remain disciplined, we recommend trailing up the stop (from $27) to $30 at this time.  

investment companies / funds
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
IGM Financial Inc.
Stockchase Research Editor: Michael O'Reilly

IGM is one of Canada's largest diversified wealth management companies with over $250 billion under management.  It trades at 9x earnings, 1.3x book and operates with 35% margins.  It pays a good dividend, backed by a payout ratio under 50% of cash flow.  Quarterly cash reserves are growing, while debt is being reduced.  We recommend placing a stop-loss at $27, looking to achieve $40 -- upside potential of 18%.  Yield 6.0%

(Analysts’ price target is $40.17)
investment companies / funds
COMMENT
IGM Financial Inc.

Funds have been coming out of equity firms. It is starting to expand but it is difficult to get good returns at this stage.. She prefers the parent company Power Corp which has a good dividend yield.

investment companies / funds
BUY
IGM Financial Inc.

Really likes financials for the second half of the year. From July-September, returns are anemic compared to the market. But at the end of the year, financials have good outperformance. Looks fantastic, strong dividend. Likely to take out highs of 2021 over the course of this cycle. Upside until late 2025 or early 2026. 

investment companies / funds
HOLD
IGM Financial Inc.

It is expanding into the U.S. and making acquisitions. It has pulled back and could flat-line for a while, You could also look at the parent company Power Corp.

investment companies / funds
DON'T BUY
IGM Financial Inc.

Great job renovating their franchise. He prefers POW, with its discount to NAV and ownership of GWO and GBL. Will continue to buy assets because they need scale. If you don't have scale, asset management becomes very difficult.

investment companies / funds
COMMENT
IGM Financial Inc.

Are sensitive to market flows. Part of the Power Financial Group; she owns Power shares, the parent company. Prefers Power Corp. for its dividend.

investment companies / funds
HOLD
IGM Financial Inc.

A good dividend and balance sheet is strong. Cash flow, too. Most of your return will come from the dividend. The problem is that they're in a secular growth industry anymore, not like the 1990s or the early 2000s, and it's being disrupted by fintech. IGM is fine, but will not appreciate much.

investment companies / funds
PAST TOP PICK
IGM Financial Inc.
(A Top Pick Dec 02/22, Down 1%) Effectively a call option on equity markets. Loves the yield of almost 6%. Big pullback in 2022, but now we're seeing higher highs and higher lows, which marks the start of a new uptrend. Attractive reward/risk. Equities are now on sale, great opportunity for long-term investors to pick and choose where they want to deploy capital. Likes it a lot.
investment companies / funds
TOP PICK
IGM Financial Inc.
Call option on equity markets. If markets move higher, have free option. 5% dividend yield allows for protection to investors.
investment companies / funds
SELL
IGM Financial Inc.
Once private equity firms entered the space, he's never again invested in a public market asset manager. The money is not sticky enough. Business economics of private equity is more compelling. If you have a big capital gain in IGM, consider that. But if not, consider rotating into something else.
investment companies / funds
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
IGM Financial Inc.
(A Top Pick Nov 25/21, Down 9.6%)Stockchase Research Editor: Michael O’Reilly Our PAST TOP PICK with IGM has triggered its stop at $45. To remain disciplined, we recommend covering the position at this time. This results in a net investment loss of 4%, when combined with our other previous buy recommendation.
investment companies / funds
Showing 1 to 15 of 237 entries

IGM Financial Inc.(IGM-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 3

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 4

Stockchase rating for IGM Financial Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

IGM Financial Inc.(IGM-T) Frequently Asked Questions

What is IGM Financial Inc. stock symbol?

IGM Financial Inc. is a Canadian stock, trading under the symbol IGM-T on the Toronto Stock Exchange (IGM-CT). It is usually referred to as TSX:IGM or IGM-T

Is IGM Financial Inc. a buy or a sell?

In the last year, 4 stock analysts published opinions about IGM-T. 3 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for IGM Financial Inc..

Is IGM Financial Inc. a good investment or a top pick?

IGM Financial Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for IGM Financial Inc..

Why is IGM Financial Inc. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is IGM Financial Inc. worth watching?

4 stock analysts on Stockchase covered IGM Financial Inc. In the last year. It is a trending stock that is worth watching.

What is IGM Financial Inc. stock price?

On 2024-05-24, IGM Financial Inc. (IGM-T) stock closed at a price of $36.72.