IGM Financial (TSE:IGM) Hits New 52-Week High After Analyst Upgrade

IGM Financial Inc. (TSE:IGM) hit a new 52-week high during mid-day trading on Monday after Canadian Imperial Bank of Commerce raised their price target on the stock from C$79.00 to C$85.00. The stock traded as high as C$84.93 and last traded at C$83.97, with a volume of 23917 shares trading hands. The stock had previously closed at C$84.00.

IGM has been the subject of several other research reports. BMO Capital Markets lifted their target price on IGM Financial from C$68.00 to C$72.00 in a research report on Wednesday, April 29th. TD raised their price objective on IGM Financial from C$80.00 to C$86.00 and gave the stock a “buy” rating in a research note 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 report on Wednesday, April 29th. Finally, Scotiabank lifted their price objective on shares of IGM Financial from C$69.00 to C$76.00 in a report on Tuesday, April 28th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, IGM Financial has a consensus rating of “Hold” and an average price target of C$74.88.

Insider Buying and Selling at IGM Financial

In other news, 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 directly owned 6,052 shares in the company, valued at approximately C$466,609.20. This represents a 35.61% decrease in their position. Also, Director Douglas Milne sold 6,620 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of C$76.98, for a total value of C$509,607.60. Following the completion of the sale, the director directly owned 1,036 shares in the company, valued at approximately C$79,751.28. This trade represents a 86.47% decrease in their position. Insiders sold a total of 144,039 shares of company stock worth $11,327,486 over the last ninety days. Company insiders own 66.58% of the company’s stock.

IGM Financial Price Performance

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 company has a 50-day simple moving average of C$78.95 and a two-hundred day simple moving average of C$70.94. The stock has a market capitalization of C$19.46 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 4.09 and a beta of 1.03.

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 company 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%. On average, equities research analysts predict that IGM Financial Inc. will post 4.006816 earnings per share for the current year.

IGM Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 31st will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.0%. The ex-dividend date is Monday, June 29th. IGM Financial’s dividend payout ratio (DPR) is currently 47.48%.

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.