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

IGM Financial Inc. (TSE:IGM)’s stock price reached a new 52-week high during mid-day 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 traded. The stock had previously closed at C$81.79.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Scotiabank lifted their target price on IGM Financial from C$69.00 to C$76.00 in a research report on Tuesday, April 28th. TD lifted their price objective on IGM Financial from C$80.00 to C$86.00 and gave the stock a “buy” rating in a report on Monday, May 11th. TD Securities upped their target price on IGM Financial from C$73.00 to C$76.00 and gave the company a “buy” rating in a research note 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. Finally, Canadian Imperial Bank of Commerce lifted their price target on shares of IGM Financial from C$68.00 to C$76.00 in a research note on Wednesday, April 29th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$73.75.

IGM Financial Stock Up 2.3%

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

IGM Financial (TSE:IGM) last issued its earnings results on Thursday, May 7th. The financial services provider reported C$1.20 EPS for the quarter. IGM Financial had a net margin of 29.97% and a return on equity of 13.19%. The company had revenue of C$1.00 million for the quarter. On average, sell-side analysts forecast that IGM Financial Inc. will post 4.006816 EPS for the current fiscal year.

IGM Financial Announces Dividend

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

Insiders Place Their Bets

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