IGM Financial (TSE:IGM) Hits New 52-Week High – Time to Buy?

IGM Financial Inc. (TSE:IGM) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as C$82.95 and last traded at C$82.95, with a volume of 11917 shares. The stock had previously closed at C$81.79.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on IGM shares. TD lifted 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 note on Monday, May 11th. Canadian Imperial Bank of Commerce boosted their price target on IGM Financial from C$68.00 to C$76.00 in a research report on Wednesday, April 29th. BMO Capital Markets upped their price target on IGM Financial from C$68.00 to C$72.00 in a research note on Wednesday, April 29th. TD Securities increased their price objective on IGM Financial from C$73.00 to C$76.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. Finally, National Bank Financial raised their price objective on IGM Financial from C$82.00 to C$85.00 in a research note on Wednesday, April 29th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, IGM Financial has an average rating of “Hold” and an average target price of C$73.75.

IGM Financial Trading Up 2.3%

The company has a market capitalization of C$19.44 billion, a price-to-earnings ratio of 17.21, a P/E/G ratio of 4.09 and a beta of 1.03. The company has a 50-day moving average price of C$76.17 and a 200-day moving average price of C$68.40. The company has a quick ratio of 0.31, a current ratio of 1.36 and a debt-to-equity ratio of 81.91.

IGM Financial (TSE:IGM) last posted its quarterly earnings data on Thursday, May 7th. The financial services provider reported C$1.20 earnings per share 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. Research analysts predict that IGM Financial Inc. will post 4.006816 EPS for the current fiscal year.

IGM Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 31st will be issued a dividend of $0.62 per share. The ex-dividend date is Monday, June 29th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.0%. IGM Financial’s payout ratio is 47.48%.

Insider Buying and Selling at IGM Financial

In other news, Director Douglas Milne sold 1,497 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of C$80.46, for a total value of C$120,448.62. Following the sale, the director owned 488 shares in the company, valued at approximately C$39,264.48. This trade represents a 75.42% decrease in their ownership of the stock. Insiders sold 118,589 shares of company stock valued at $9,305,601 over the last three months. 66.58% of the stock is currently owned by corporate insiders.

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.