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

IGM Financial Inc. (TSE:IGM)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as C$79.29 and last traded at C$79.08, with a volume of 151367 shares. The stock had previously closed at C$78.63.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. National Bank Financial boosted their price target on shares of IGM Financial from C$82.00 to C$85.00 in a research report on Wednesday, April 29th. TD Securities upped their target price on shares of IGM Financial from C$73.00 to C$76.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. Royal Bank Of Canada upped their target price on shares of IGM Financial from C$51.00 to C$65.00 and gave the company a “sector perform” rating in a report on Monday, January 26th. TD upped their target price on shares of IGM Financial from C$80.00 to C$86.00 and gave the company a “buy” rating in a report on Monday, May 11th. Finally, BMO Capital Markets upped their target price on shares of IGM Financial from C$68.00 to C$72.00 in a 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. According to data from MarketBeat.com, IGM Financial presently has an average rating of “Hold” and a consensus target price of C$73.75.

IGM Financial Stock Performance

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 stock’s fifty day moving average price is C$71.27 and its 200-day moving average price is C$65.69. The company has a market capitalization of C$18.34 billion, a P/E ratio of 16.23, a PEG ratio of 4.09 and a beta of 0.97.

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

Insider Buying and Selling at IGM Financial

In other IGM Financial news, Director Douglas Milne sold 6,620 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of C$76.98, for a total value of C$509,607.60. Following the transaction, the director directly owned 1,036 shares of the company’s stock, valued at C$79,751.28. This represents a 86.47% decrease in their position. Also, insider Rhonda Goldberg sold 3,347 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of C$77.10, for a total transaction of C$258,053.70. Following the completion of the transaction, the insider directly owned 6,052 shares in the company, valued at approximately C$466,609.20. This represents a 35.61% decrease in their ownership of the stock. Insiders have sold a total of 15,251 shares of company stock valued at $1,172,406 in the last three months. 66.58% of the stock is currently owned by company insiders.

IGM Financial Company Profile

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.