IGM Financial (TSE:IGM) Hits New 1-Year High – Time to Buy?

IGM Financial Inc. (TSE:IGM)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$74.76 and last traded at C$74.62, with a volume of 61521 shares changing hands. The stock had previously closed at C$74.19.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. National Bank Financial raised their price objective on shares of IGM Financial from C$68.00 to C$82.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. BMO Capital Markets boosted their target price on shares of IGM Financial from C$57.00 to C$68.00 in a report on Monday, January 26th. Canadian Imperial Bank of Commerce raised their price target on shares of IGM Financial from C$61.00 to C$68.00 in a research note on Wednesday, January 21st. Royal Bank Of Canada lifted their price target on shares of IGM Financial from C$51.00 to C$65.00 and gave the stock a “sector perform” rating in a report on Monday, January 26th. Finally, 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 note on Tuesday, February 17th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$68.57.

IGM Financial Stock Performance

The company has a quick ratio of 0.31, a current ratio of 4.55 and a debt-to-equity ratio of 82.52. The company has a 50 day simple moving average of C$66.62 and a 200-day simple moving average of C$61.80. The stock has a market capitalization of C$17.45 billion, a price-to-earnings ratio of 16.05, a price-to-earnings-growth ratio of 4.09 and a beta of 0.90.

IGM Financial (TSE:IGM) last announced its quarterly earnings data on Thursday, February 12th. The financial services provider reported C$1.27 EPS for the quarter. The company had revenue of C$1.05 billion during the quarter. IGM Financial had a net margin of 28.81% and a return on equity of 13.03%. As a group, equities research analysts expect that IGM Financial Inc. will post 4.006816 EPS for the current fiscal year.

Insider Transactions at IGM Financial

In other IGM Financial news, Director James Patrick O’sullivan sold 25,000 shares of the firm’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of C$68.73, for a total value of C$1,718,250.00. Following the completion of the sale, the director directly owned 38,229 shares in the company, valued at approximately C$2,627,479.17. This trade represents a 39.54% decrease in their ownership of the stock. Insiders have sold 92,400 shares of company stock worth $6,306,649 over the last 90 days. 66.58% of the stock is owned by corporate 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.