IGM Financial (TSE:IGM) Hits New 1-Year High – What’s Next?

IGM Financial Inc. (TSE:IGM)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as C$81.25 and last traded at C$81.00, with a volume of 17364 shares. The stock had previously closed at C$81.01.

Analyst Ratings Changes

Several equities research analysts recently issued reports on IGM shares. TD Securities upped their price target on IGM Financial from C$73.00 to C$76.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Scotiabank raised their price objective on IGM Financial from C$69.00 to C$76.00 in a research note on Tuesday, April 28th. TD upped their target price on shares of IGM Financial from C$80.00 to C$86.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. BMO Capital Markets increased their target price on shares of IGM Financial from C$68.00 to C$72.00 in a report on Wednesday, April 29th. Finally, Canadian Imperial Bank of Commerce raised their price target on shares of IGM Financial from C$68.00 to C$76.00 in a research report on Wednesday, April 29th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$73.75.

IGM Financial Stock Up 0.4%

The company has a quick ratio of 0.31, a current ratio of 1.36 and a debt-to-equity ratio of 81.91. The company has a market capitalization of C$18.93 billion, a PE ratio of 16.75, a P/E/G ratio of 4.09 and a beta of 1.03. The stock has a 50-day moving average of C$74.07 and a 200 day moving average of C$67.20.

IGM Financial (TSE:IGM) last posted its quarterly earnings data on Thursday, May 7th. The financial services provider reported C$1.20 earnings per share 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$1.00 million for the quarter. Sell-side analysts anticipate that IGM Financial Inc. will post 4.006816 EPS for the current year.

Insider Activity at IGM Financial

In other IGM Financial news, Director Douglas Milne sold 6,620 shares of the business’s stock in a transaction dated 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 transaction, the director directly owned 1,036 shares in the company, valued at C$79,751.28. The trade was a 86.47% decrease in their ownership of the stock. Also, insider Rhonda Goldberg sold 3,347 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of C$77.10, for a total transaction of C$258,053.70. Following the transaction, the insider directly owned 6,052 shares of the company’s stock, valued at C$466,609.20. This represents a 35.61% decrease in their ownership of the stock. Over the last 90 days, insiders sold 106,550 shares of company stock worth $8,335,979. 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.