IGM Financial (TSE:IGM) Hits New 1-Year High – Here’s Why

IGM Financial Inc. (TSE:IGM) reached a new 52-week high during trading on Wednesday . The company traded as high as C$78.57 and last traded at C$78.50, with a volume of 100168 shares. The stock had previously closed at C$77.47.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on IGM. TD upped their price target on shares of 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 raised their price objective on shares of IGM Financial from C$69.00 to C$76.00 in a research report on Tuesday, April 28th. National Bank Financial lifted their target price on shares of IGM Financial from C$82.00 to C$85.00 in a research note on Wednesday, April 29th. Canadian Imperial Bank of Commerce increased their price target on IGM Financial from C$68.00 to C$76.00 in a research note on Wednesday, April 29th. Finally, Royal Bank Of Canada raised their price target on IGM Financial from C$51.00 to C$65.00 and gave the company a “sector perform” rating in a report on Monday, January 26th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of C$73.75.

IGM Financial Stock Performance

The firm has a market capitalization of C$17.86 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 4.09 and a beta of 0.97. The company has a debt-to-equity ratio of 81.91, a quick ratio of 0.31 and a current ratio of 1.36. The business’s fifty day simple moving average is C$70.72 and its 200-day simple moving average is C$65.36.

IGM Financial (TSE:IGM) last released its earnings results on Thursday, May 7th. The financial services provider reported C$1.20 EPS for the quarter. The firm had revenue of C$1.00 million for the quarter. IGM Financial had a net margin of 29.97% and a return on equity of 13.19%. As a group, equities research analysts expect that IGM Financial Inc. will post 4.006816 EPS for the current year.

Insider Buying and Selling at IGM Financial

In other IGM Financial news, insider Rhonda Goldberg sold 3,347 shares of the stock in a transaction dated 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 completion of the transaction, the insider owned 6,052 shares of the company’s stock, valued at C$466,609.20. This represents a 35.61% decrease in their position. Also, Director James Patrick O’sullivan sold 25,000 shares of the firm’s stock in a transaction dated 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 transaction, the director owned 38,229 shares of the company’s stock, valued at approximately C$2,627,479.17. The trade was a 39.54% decrease in their position. Insiders sold 107,651 shares of company stock valued at $7,479,055 in the last 90 days. Insiders own 66.58% of the company’s stock.

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.