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

IGM Financial Inc. (TSE:IGM) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$69.54 and last traded at C$69.34, with a volume of 67156 shares trading hands. The stock had previously closed at C$67.11.

Analyst Ratings Changes

A number of analysts have recently commented on IGM shares. National Bank Financial lifted their price target on shares of IGM Financial from C$68.00 to C$82.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Royal Bank Of Canada boosted their target price on shares of IGM Financial from C$51.00 to C$65.00 and gave the company a “sector perform” rating in a research note on Monday, January 26th. TD Securities raised their price target on IGM Financial from C$73.00 to C$76.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. BMO Capital Markets lifted their price objective on IGM Financial from C$57.00 to C$68.00 in a report on Monday, January 26th. Finally, Canadian Imperial Bank of Commerce upped their price objective on IGM Financial from C$61.00 to C$68.00 in a research report on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, IGM Financial has a consensus rating of “Hold” and a consensus target price of C$68.57.

IGM Financial Stock Up 1.2%

The company has a debt-to-equity ratio of 82.52, a current ratio of 4.55 and a quick ratio of 0.31. The firm has a market capitalization of C$16.18 billion, a P/E ratio of 14.88, a P/E/G ratio of 4.09 and a beta of 0.90. The company’s 50-day simple moving average is C$65.96 and its two-hundred day simple moving average is C$60.76.

IGM Financial (TSE:IGM) last issued its quarterly earnings data on Thursday, February 12th. The financial services provider reported C$1.27 earnings per share (EPS) for the quarter. The firm had revenue of C$1.05 billion during the quarter. IGM Financial had a net margin of 28.81% and a return on equity of 13.03%. As a group, research analysts expect that IGM Financial Inc. will post 4.006816 earnings per share for the current year.

Insider Buying and Selling

In other news, Director James Patrick O’sullivan sold 2,800 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of C$68.35, for a total value of C$191,380.00. Following the transaction, the director owned 134,329 shares of the company’s stock, valued at C$9,181,387.15. This trade represents a 2.04% decrease in their ownership of the stock. Insiders sold a total of 92,400 shares of company stock valued at $6,306,649 in the last three months. Corporate insiders own 66.58% of the company’s stock.

About IGM Financial

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.