IGM Financial (TSE:IGM) Hits New 12-Month High – Still a Buy?

IGM Financial Inc. (TSE:IGM) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$86.80 and last traded at C$87.32, with a volume of 371790 shares trading hands. The stock had previously closed at C$81.93.

Analysts Set New Price Targets

IGM has been the subject of several research reports. Canadian Imperial Bank of Commerce increased their price objective on shares of IGM Financial from C$79.00 to C$85.00 in a report on Friday, July 10th. TD boosted their target price on 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. Scotiabank increased their price target on IGM Financial from C$69.00 to C$76.00 in a research note on Tuesday, April 28th. Royal Bank Of Canada raised their price target on IGM Financial from C$77.00 to C$80.00 and gave the company a “sector perform” rating in a report on Monday, July 13th. Finally, BMO Capital Markets lifted their price objective on IGM Financial from C$72.00 to C$80.00 in a research note on Wednesday, July 15th. Three 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.com, the company has a consensus rating of “Hold” and a consensus target price of C$78.50.

IGM Financial Stock Up 6.6%

The firm has a market cap of C$20.30 billion, a P/E ratio of 17.97, a price-to-earnings-growth ratio of 4.09 and a beta of 1.03. The company’s 50-day simple moving average is C$80.83 and its 200 day simple moving average is C$72.93. The company has a debt-to-equity ratio of 81.91, a current ratio of 1.36 and a quick ratio of 0.31.

IGM Financial (TSE:IGM) last posted its earnings results on Wednesday, July 29th. The financial services provider reported C$1.41 earnings per share for the quarter. The firm had revenue of C$1.07 million for the quarter. IGM Financial had a net margin of 29.97% and a return on equity of 13.19%. Research analysts anticipate that IGM Financial Inc. will post 4.006816 EPS for the current fiscal year.

IGM Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 31st will be given 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 2.8%. IGM Financial’s dividend payout ratio is 47.48%.

Insider Activity

In other news, Director James Patrick O’sullivan sold 700 shares of IGM Financial stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of C$77.90, for a total value of C$54,530.00. Following the completion of the transaction, the director owned 93,248 shares in the company, valued at approximately C$7,264,019.20. The trade was a 0.75% decrease in their position. Over the last three months, insiders sold 144,039 shares of company stock valued at $11,327,486. 66.58% of the stock is owned by company insiders.

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.