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

IGM Financial Inc. (TSE:IGM) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$92.01 and last traded at C$90.93, with a volume of 770779 shares trading hands. The stock had previously closed at C$87.16.

Trending Headlines about IGM Financial

Here are the key news stories impacting IGM Financial this week:

• Positive Sentiment: An analyst raised the price target for IGM Financial to C$89.00, indicating a more favorable near-term outlook for the wealth and asset-management company. The target increase provides a supportive signal, although it is below the stock’s recent trading level. IGM Financial Price Target Raised to C$89.00
• Neutral Sentiment: IGM Financial recently reported quarterly earnings of C$1.41 per share and revenue of approximately C$1.07 billion, with a 29.82% net margin and 12.91% return on equity. These results provide a fundamental backdrop for the stock’s strength, though no new operating results were reported in the latest disclosures.
• Negative Sentiment: Insider selling was reported on July 31. Rhonda Goldberg sold 2,599 shares for approximately C$225,489, reducing her direct ownership by 42.94%.
• Negative Sentiment: Director Philip Petursson made several sales totaling at least 2,704 shares, worth approximately C$235,816, at prices around C$87.17–C$87.24. The transactions substantially reduced his reported holdings, including one position that fell by 91.78%.

Analysts Set New Price Targets

IGM has been the topic of several research reports. Canadian Imperial Bank of Commerce upped their target price on IGM Financial from C$79.00 to C$85.00 in a research report on Friday, July 10th. TD lifted their price target on IGM Financial from C$92.00 to C$94.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Scotiabank boosted their price target on IGM Financial from C$84.00 to C$87.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. National Bank Financial increased their price objective on IGM Financial from C$85.00 to C$91.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Finally, Royal Bank Of Canada raised their price objective on shares of IGM Financial from C$80.00 to C$89.00 and gave the company a “sector perform” rating in a research report on Friday, July 31st. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$82.00.

IGM Financial Stock Performance

The stock has a fifty day moving average price of C$81.63 and a 200 day moving average price of C$73.60. The company has a current ratio of 1.28, a quick ratio of 0.31 and a debt-to-equity ratio of 82.59. The firm has a market cap of C$20.99 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 4.09 and a beta of 1.03.

IGM Financial (TSE:IGM) last posted its earnings results on Wednesday, July 29th. The financial services provider reported C$1.41 earnings per share for the quarter. IGM Financial had a return on equity of 12.91% and a net margin of 29.82%.The firm had revenue of C$1.07 million during the quarter. As a group, analysts predict that IGM Financial Inc. will post 4.006816 earnings per share for the current year.

IGM Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 31st were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, June 29th. IGM Financial’s dividend payout ratio is currently 47.87%.

Insider Activity at IGM Financial

In other IGM Financial news, 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 sale, the insider directly owned 6,052 shares in the company, valued at C$466,609.20. This represents a 35.61% decrease in their ownership of the stock. Also, 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 transaction of C$862,400.00. Following the sale, the director owned 8,850 shares of the company’s stock, valued at C$693,840. This trade represents a 55.42% decrease in their ownership of the stock. In the last three months, insiders have sold 149,342 shares of company stock worth $11,788,791. 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.