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 mid-day trading on Tuesday . The company traded as high as C$79.29 and last traded at C$79.08, with a volume of 151367 shares traded. The stock had previously closed at C$78.63.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on IGM shares. National Bank Financial increased their target price on shares of IGM Financial from C$82.00 to C$85.00 in a research report on Wednesday, April 29th. Scotiabank increased their target price on shares of IGM Financial from C$69.00 to C$76.00 in a research report on Tuesday, April 28th. TD Securities increased their target price on shares of IGM Financial from C$73.00 to C$76.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. TD increased their target price on shares of IGM Financial from C$80.00 to C$86.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Finally, Royal Bank Of Canada increased their target price on shares of IGM Financial from C$51.00 to C$65.00 and gave the stock a “sector perform” rating in a research report on Monday, January 26th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$73.75.

IGM Financial Price Performance

The company has a current ratio of 1.36, a quick ratio of 0.31 and a debt-to-equity ratio of 81.91. The firm has a market cap of C$18.34 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 4.09 and a beta of 0.97. The company’s 50-day moving average is C$71.27 and its 200-day moving average is C$65.69.

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

Insider Buying and Selling

In related news, Director Kelly Hepher sold 1,300 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of C$77.43, for a total transaction of C$100,659.00. Following the sale, the director owned 700 shares in the company, valued at approximately C$54,201. This trade represents a 65.00% decrease in their position. Also, insider Rhonda Goldberg sold 3,347 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of C$77.10, for a total transaction of C$258,053.70. Following the sale, the insider owned 6,052 shares in the company, valued at C$466,609.20. This represents a 35.61% decrease in their position. In the last 90 days, insiders have sold 15,251 shares of company stock worth $1,172,406. Corporate insiders own 66.58% of the company’s stock.

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.