IGM Financial (TSE:IGM) Sets New 52-Week High – Should You Buy?

IGM Financial Inc. (TSE:IGM)’s share price hit a new 52-week high on Monday . The stock traded as high as C$81.25 and last traded at C$81.00, with a volume of 17364 shares trading hands. The stock had previously closed at C$81.01.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. BMO Capital Markets lifted their target price on IGM Financial from C$68.00 to C$72.00 in a report on Wednesday, April 29th. Scotiabank upped their price target on shares of IGM Financial from C$69.00 to C$76.00 in a report on Tuesday, April 28th. TD raised their price objective on shares of 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. National Bank Financial lifted their price objective on shares of IGM Financial from C$82.00 to C$85.00 in a research note on Wednesday, April 29th. Finally, Canadian Imperial Bank of Commerce boosted their target price on shares of IGM Financial from C$68.00 to C$76.00 in a report on Wednesday, April 29th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$73.75.

IGM Financial Trading Up 1.1%

The company has a debt-to-equity ratio of 81.91, a quick ratio of 0.31 and a current ratio of 1.36. The firm has a market capitalization of C$18.90 billion, a P/E ratio of 16.73, a price-to-earnings-growth ratio of 4.09 and a beta of 1.03. The firm has a 50 day moving average price of C$74.73 and a two-hundred day moving average price of C$67.55.

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. IGM Financial had a return on equity of 13.19% and a net margin of 29.97%.The company had revenue of C$1.00 million for the quarter. On average, equities research analysts expect that IGM Financial Inc. will post 4.006816 EPS for the current fiscal year.

Insider Activity

In other news, Director Kelly Hepher sold 897 shares of IGM Financial stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of C$80.27, for a total value of C$72,002.19. Also, Director J. Luke Gould sold 900 shares of the business’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 transaction of C$70,290.00. Following the sale, the director owned 4,300 shares in the company, valued at C$335,830. This represents a 17.31% decrease in their position. In the last 90 days, insiders have sold 106,592 shares of company stock worth $8,339,384. Corporate 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.