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

IGM Financial Inc. (TSE:IGM)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock 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 Ratings Changes

Several research analysts have issued reports on the company. National Bank Financial increased their price objective on IGM Financial from C$82.00 to C$85.00 in a research note on Wednesday, April 29th. 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 research note on Monday, May 11th. Scotiabank increased their price objective on IGM Financial from C$69.00 to C$76.00 in a research note on Tuesday, April 28th. TD Securities increased their price objective on 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. Finally, Canadian Imperial Bank of Commerce increased their price objective on IGM Financial from C$68.00 to C$76.00 in a research note on Wednesday, April 29th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, IGM Financial currently has an average rating of “Hold” and an average price target of C$73.75.

IGM Financial Stock Up 1.4%

The firm has a fifty day moving average price of C$70.21 and a 200 day moving average price of C$65.02. 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 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.

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

Insiders Place Their Bets

In other news, Director James Patrick O’sullivan sold 2,800 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of C$68.35, for a total transaction of C$191,380.00. Following the sale, the director owned 134,329 shares in the company, valued at approximately C$9,181,387.15. This represents a 2.04% decrease in their ownership of the stock. Also, Director Kelly Hepher sold 700 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of C$77.39, for a total value of C$54,173.00. Insiders have sold a total of 107,651 shares of company stock worth $7,479,055 over the last ninety days. Company 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.