IGM Financial (TSE:IGM) Sets New 12-Month High – What’s Next?

IGM Financial Inc. (TSE:IGM)’s stock price hit a new 52-week high during mid-day 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 trading hands. The stock had previously closed at C$78.56.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Scotiabank raised their target price on IGM Financial from C$69.00 to C$76.00 in a research report on Tuesday, April 28th. TD Securities raised their target price on 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. BMO Capital Markets raised their target price on IGM Financial from C$68.00 to C$72.00 in a research report on Wednesday, April 29th. TD raised their target price on IGM Financial from C$80.00 to C$86.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Finally, Canadian Imperial Bank of Commerce raised their target price on IGM Financial from C$68.00 to C$76.00 in a research report on Wednesday, April 29th. Three research 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 a consensus rating of “Hold” and an average target price of C$73.75.

IGM Financial Stock Down 1.5%

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 stock has a 50-day simple moving average of C$73.41 and a 200-day simple moving average of C$66.84. The firm has a market capitalization of C$18.35 billion, a PE ratio of 16.25, a P/E/G ratio of 4.09 and a beta of 0.97.

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

Insider Transactions at IGM Financial

In other IGM Financial news, Director J. Luke Gould sold 900 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of C$78.10, for a total value of C$70,290.00. Following the completion of the sale, the director directly 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 sold 105,442 shares of company stock valued at $8,247,040 over the last three months. 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.