IGM Financial (TSE:IGM) Hits New 1-Year High – Should You Buy?

IGM Financial Inc. (TSE:IGM) reached a new 52-week high during trading on Tuesday . The company traded as high as C$79.75 and last traded at C$79.09, with a volume of 245916 shares changing hands. The stock had previously closed at C$78.56.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Canadian Imperial Bank of Commerce upped their target price on shares of IGM Financial from C$68.00 to C$76.00 in a research report on Wednesday, April 29th. TD Securities upped their target price on shares of IGM Financial from C$73.00 to C$76.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. National Bank Financial increased their price target on shares of IGM Financial from C$82.00 to C$85.00 in a research report on Wednesday, April 29th. Scotiabank increased their price target on shares of IGM Financial from C$69.00 to C$76.00 in a research report on Tuesday, April 28th. Finally, BMO Capital Markets increased their price target on shares of IGM Financial from C$68.00 to C$72.00 in a research report on Wednesday, April 29th. Three research 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, IGM Financial currently has an average rating of “Hold” and a consensus target price of C$73.75.

IGM Financial Price Performance

The firm has a market cap of C$18.38 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 4.09 and a beta of 0.97. 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’s 50-day moving average price is C$72.73 and its 200-day moving average price is C$66.52.

IGM Financial (TSE:IGM) last issued its quarterly earnings results on Thursday, May 7th. The financial services provider reported C$1.20 earnings per share (EPS) for the quarter. The business 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%. On average, equities research analysts forecast that IGM Financial Inc. will post 4.006816 EPS for the current year.

Insiders Place Their Bets

In related news, Director J. Luke Gould sold 900 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of C$78.10, for a total value of C$70,290.00. Following the sale, the director owned 4,300 shares of the company’s stock, valued at C$335,830. This trade represents a 17.31% decrease in their ownership of the stock. Insiders have sold a total of 105,442 shares of company stock valued at $8,247,040 over the last 90 days. 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.