IGM Financial (TSE:IGM) Hits New 12-Month High – Still a Buy?

IGM Financial Inc. (TSE:IGM) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as C$77.42 and last traded at C$76.29, with a volume of 397868 shares traded. The stock had previously closed at C$75.60.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. National Bank Financial lifted their price target on IGM Financial from C$82.00 to C$85.00 in a research report on Wednesday, April 29th. TD Securities lifted their price target on 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. Canadian Imperial Bank of Commerce lifted their price target on IGM Financial from C$68.00 to C$76.00 in a research report on Wednesday, April 29th. Royal Bank Of Canada lifted their price target on 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. Finally, BMO Capital Markets lifted their price target on IGM Financial from C$68.00 to C$72.00 in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$72.00.

IGM Financial Trading Up 0.9%

The company has a 50-day moving average of C$68.34 and a 200 day moving average of C$63.37. The company has a market cap of C$17.87 billion, a PE ratio of 16.44, a price-to-earnings-growth ratio of 4.09 and a beta of 0.97. The company has a debt-to-equity ratio of 82.52, a current ratio of 4.55 and a quick ratio of 0.31.

IGM Financial (TSE:IGM) last announced its earnings results on Thursday, February 12th. The financial services provider reported C$1.27 earnings per share (EPS) for the quarter. IGM Financial had a return on equity of 13.03% and a net margin of 28.81%.The business had revenue of C$1.05 billion during the quarter. Analysts predict that IGM Financial Inc. will post 4.006816 earnings per share for the current year.

Insider Activity

In other IGM Financial news, Director James Patrick O’sullivan sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of C$68.73, for a total transaction of C$1,718,250.00. Following the completion of the transaction, the director owned 38,229 shares in the company, valued at C$2,627,479.17. The trade was a 39.54% decrease in their ownership of the stock. Insiders sold a total of 92,400 shares of company stock worth $6,306,649 in the last ninety days. 66.58% of the stock is owned by 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.