IGM Financial (TSE:IGM) Hits New 1-Year High – Should You Buy?

IGM Financial Inc. (TSE:IGM)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$79.75 and last traded at C$79.09, with a volume of 245916 shares. The stock had previously closed at C$78.56.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. National Bank Financial upped their target price on shares of IGM Financial from C$82.00 to C$85.00 in a report on Wednesday, April 29th. Canadian Imperial Bank of Commerce upped their target price on shares of IGM Financial from C$68.00 to C$76.00 in a report on Wednesday, April 29th. TD upped 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 report on Monday, May 11th. Scotiabank upped their target price on shares of IGM Financial from C$69.00 to C$76.00 in a report on Tuesday, April 28th. Finally, 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. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, IGM Financial currently has an average rating of “Hold” and a consensus price target of C$73.75.

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 stock’s fifty day moving average is C$72.73 and its 200-day moving average is C$66.52. The stock has a market cap of C$18.38 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 4.09 and a beta of 0.97.

IGM Financial (TSE:IGM) last announced 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 net margin of 29.97% and a return on equity of 13.19%. The firm had revenue of C$1.00 million during the quarter. As a group, equities analysts anticipate that IGM Financial Inc. will post 4.006816 EPS for the current year.

Insider Buying and Selling at IGM Financial

In other IGM Financial news, Director J. Luke Gould sold 11,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of C$78.40, for a total value of C$862,400.00. Following the transaction, the director owned 8,850 shares of the company’s stock, valued at C$693,840. This represents a 55.42% decrease in their ownership of the stock. Also, insider Rhonda Goldberg sold 3,347 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of C$77.10, for a total transaction of C$258,053.70. Following the completion of the transaction, the insider directly owned 6,052 shares in the company, valued at C$466,609.20. The trade was a 35.61% decrease in their position. Insiders have sold 105,442 shares of company stock valued at $8,247,040 over the last 90 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.