IGM Financial (TSE:IGM) Hits New 1-Year High – Here’s Why

IGM Financial Inc. (TSE:IGM) 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.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. TD increased their price target 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. 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. Canadian Imperial Bank of Commerce raised their target price on shares of IGM Financial from C$68.00 to C$76.00 in a research note on Wednesday, April 29th. National Bank Financial lifted their price target on IGM Financial from C$82.00 to C$85.00 in a report on Wednesday, April 29th. Finally, Scotiabank boosted their price target on IGM Financial from C$69.00 to C$76.00 in a research report on Tuesday, April 28th. Three 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.com, the stock has a consensus rating of “Hold” and an average target price of C$73.75.

IGM Financial Stock 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 stock’s 50-day simple moving average is C$76.79 and its 200 day simple moving average is C$68.76. The stock has a market capitalization of C$19.00 billion, a P/E ratio of 16.81, a PEG ratio of 4.09 and a beta of 1.03.

IGM Financial (TSE:IGM) last issued its quarterly earnings data on Thursday, May 7th. The financial services provider reported C$1.20 earnings per share (EPS) for the quarter. IGM Financial had a return on equity of 13.19% and a net margin of 29.97%.The company had revenue of C$1.00 million during the quarter. Research analysts expect that IGM Financial Inc. will post 4.006816 EPS for the current fiscal year.

IGM Financial Dividend Announcement

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

Insider Buying and Selling at IGM Financial

In other news, insider Rhonda Goldberg sold 3,347 shares of IGM Financial stock in a transaction 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 completion of the sale, the insider owned 6,052 shares of the company’s stock, valued at approximately C$466,609.20. This trade represents a 35.61% decrease in their ownership of the stock. Also, Director Douglas Milne sold 6,620 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of C$76.98, for a total transaction of C$509,607.60. Following the completion of the sale, the director directly owned 1,036 shares of the company’s stock, valued at approximately C$79,751.28. The trade was a 86.47% decrease in their position. Insiders have sold a total of 118,589 shares of company stock valued at $9,305,601 in the last ninety days. 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.