IGM Financial (TSE:IGM) Sets New 52-Week High – What’s Next?

IGM Financial Inc. (TSE:IGM) reached a new 52-week high on Wednesday . The stock traded as high as C$92.01 and last traded at C$90.93, with a volume of 770779 shares. The stock had previously closed at C$87.16.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. National Bank Financial increased their target price on IGM Financial from C$85.00 to C$91.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Scotiabank raised their target price on IGM Financial from C$84.00 to C$87.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. TD boosted their target price on IGM Financial from C$92.00 to C$94.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Canadian Imperial Bank of Commerce upped their price target on IGM Financial from C$79.00 to C$85.00 in a research note on Friday, July 10th. Finally, Royal Bank Of Canada increased their price target on shares of IGM Financial from C$80.00 to C$89.00 and gave the company a “sector perform” rating in a research report on Friday, July 31st. Three investment 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, IGM Financial currently has an average rating of “Hold” and an average price target of C$82.00.

IGM Financial Trading Up 0.2%

The company has a debt-to-equity ratio of 82.59, a quick ratio of 0.31 and a current ratio of 1.28. The firm has a fifty day moving average price of C$82.09 and a 200 day moving average price of C$73.92. The company has a market cap of C$20.63 billion, a price-to-earnings ratio of 18.09, a P/E/G ratio of 4.09 and a beta of 1.04.

IGM Financial (TSE:IGM) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported C$1.41 earnings per share (EPS) for the quarter. IGM Financial had a return on equity of 12.91% and a net margin of 29.82%.The business had revenue of C$1.07 million during the quarter. As a group, equities analysts predict that IGM Financial Inc. will post 4.006816 EPS for the current fiscal year.

IGM Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 31st were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Monday, June 29th. IGM Financial’s dividend payout ratio (DPR) is 47.87%.

Insider Activity at IGM Financial

In other IGM Financial news, Director Douglas Milne sold 6,620 shares of the firm’s 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 owned 1,036 shares of the company’s stock, valued at approximately C$79,751.28. This trade represents a 86.47% decrease in their ownership of the stock. Also, Director J. Luke Gould sold 11,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of C$78.40, for a total value of C$862,400.00. Following the sale, the director owned 8,850 shares of the company’s stock, valued at C$693,840. This trade represents a 55.42% decrease in their position. Insiders have sold 149,342 shares of company stock worth $11,788,791 in the last quarter. 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.