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

IGM Financial Inc. (TSE:IGM) hit a new 52-week high during mid-day 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 trading hands. The stock had previously closed at C$81.01.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on IGM shares. Canadian Imperial Bank of Commerce lifted their price target on shares of IGM Financial from C$68.00 to C$76.00 in a report on Wednesday, April 29th. TD increased their price objective on IGM Financial from C$80.00 to C$86.00 and gave the company a “buy” rating in a report on Monday, May 11th. National Bank Financial raised their target price on IGM Financial from C$82.00 to C$85.00 in a research report on Wednesday, April 29th. BMO Capital Markets lifted their target price on IGM Financial from C$68.00 to C$72.00 in a report on Wednesday, April 29th. Finally, Scotiabank upped their price target on IGM Financial from C$69.00 to C$76.00 in a research report on Tuesday, April 28th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$73.75.

IGM Financial Trading Up 0.4%

The company has a debt-to-equity ratio of 81.91, a current ratio of 1.36 and a quick ratio of 0.31. The firm has a market cap of C$18.93 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 4.09 and a beta of 1.03. The firm’s fifty day moving average is C$74.07 and its 200-day moving average is C$67.20.

IGM Financial (TSE:IGM) last released 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 net margin of 29.97% and a return on equity of 13.19%. The company had revenue of C$1.00 million during the quarter. Equities analysts anticipate that IGM Financial Inc. will post 4.006816 earnings per share for the current year.

Insider Buying and Selling at IGM Financial

In other IGM Financial news, Director J. Luke Gould sold 900 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of C$78.10, for a total transaction of C$70,290.00. Following the transaction, the director owned 4,300 shares in the company, valued at approximately C$335,830. This represents a 17.31% decrease in their ownership of the stock. Also, Director Kelly Hepher sold 897 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of C$80.27, for a total transaction of C$72,002.19. In the last three months, insiders sold 106,550 shares of company stock valued at $8,335,979. 66.58% of the stock is currently owned by 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.