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

IGM Financial Inc. (TSE:IGM)’s stock price 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 traded. The stock had previously closed at C$77.47.

Analyst Ratings Changes

A number of research firms recently commented on IGM. Royal Bank Of Canada increased their price objective on 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. TD increased their price objective on IGM Financial from C$80.00 to C$86.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Scotiabank increased their price objective on IGM Financial from C$69.00 to C$76.00 in a report on Tuesday, April 28th. BMO Capital Markets upped their target price on IGM Financial from C$68.00 to C$72.00 in a research report on Wednesday, April 29th. Finally, TD Securities upped their target price on IGM Financial from C$73.00 to C$76.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, IGM Financial has a consensus rating of “Hold” and an average price target of C$73.75.

IGM Financial Stock Up 1.4%

The stock has a market cap of C$18.40 billion, a P/E ratio of 16.16, 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 business has a 50-day simple moving average of C$70.21 and a 200-day simple moving average of C$65.02.

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

Insiders Place Their Bets

In other news, Director Douglas Milne sold 6,620 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of C$76.98, for a total value of C$509,607.60. Following the completion of the sale, the director directly owned 1,036 shares of the company’s stock, valued at approximately C$79,751.28. This represents a 86.47% decrease in their ownership of the stock. Also, Director James Patrick O’sullivan sold 2,800 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of C$68.35, for a total value of C$191,380.00. Following the completion of the transaction, the director owned 134,329 shares of the company’s stock, valued at C$9,181,387.15. The trade was a 2.04% decrease in their ownership of the stock. Insiders sold a total of 107,651 shares of company stock valued at $7,479,055 over the last ninety days. 66.58% of the stock is owned by 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.