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

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. TD Securities raised their price target on IGM Financial from C$73.00 to C$76.00 and gave the company a "buy" rating in a report on Tuesday, February 17th. BMO Capital Markets raised their price target on IGM Financial from C$68.00 to C$72.00 in a report on Wednesday, April 29th. Scotiabank raised their price target on IGM Financial from C$69.00 to C$76.00 in a report on Tuesday, April 28th. National Bank Financial raised their price target on IGM Financial from C$82.00 to C$85.00 in a report on Wednesday, April 29th. Finally, Canadian Imperial Bank of Commerce raised their price target on IGM Financial from C$68.00 to C$76.00 in a 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 company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of C$72.00.

IGM Financial Stock Up 0.9%

The company has a quick ratio of 0.31, a current ratio of 4.55 and a debt-to-equity ratio of 82.52. The company has a fifty day moving average price of C$68.34 and a 200-day moving average price of C$63.37. The stock has a market capitalization of C$17.87 billion, a P/E ratio of 16.44, a PEG ratio of 4.09 and a beta of 0.97.

IGM Financial (TSE:IGM - Get Free Report) last issued 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 firm had revenue of C$1.05 billion for the quarter. As a group, research analysts forecast that IGM Financial Inc. will post 4.006816 EPS for the current fiscal year.

Insider Activity

In other news, Director James Patrick O'sullivan sold 2,800 shares of IGM Financial 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 sale, the director directly owned 134,329 shares of the company's stock, valued at approximately C$9,181,387.15. The trade was a 2.04% decrease in their ownership of the stock. Insiders sold 92,400 shares of company stock valued at $6,306,649 over the last quarter. 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.

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