IGM Financial (TSE:IGM) Reaches New 52-Week High - Still a Buy?

Key Points

• IGM Financial hit a new 52-week high — shares reached C$69.54 (last C$69.34) on Wednesday, trading up about 2.7% with volume of 67,156 and a market cap of C$16.14 billion.
• Analyst sentiment has improved but the consensus remains a "Hold" — several firms raised price targets (e.g., National Bank to C$82, TD to C$76) while two analysts rate Buy and five rate Hold, leaving an average target of C$68.57.
• Solid quarterly results but notable insider selling — IGM reported C$1.27 EPS on C$1.05B revenue (ROE 13.03%, net margin 28.81%) while insiders sold 92,400 shares in the past 90 days, though insiders still own 66.58% of the company.

IGM Financial Inc. (TSE:IGM - Get Free Report)'s share price reached a new 52-week high during trading on Wednesday . The company traded as high as C$69.54 and last traded at C$69.34, with a volume of 67156 shares. The stock had previously closed at C$67.11.

Analyst Upgrades and Downgrades

A number of research firms have commented on IGM. National Bank Financial boosted their price objective on 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 price objective on IGM Financial from C$51.00 to C$65.00 and gave the stock a "sector perform" rating in a research note on Monday, January 26th. TD Securities boosted their price objective 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 boosted their price objective on IGM Financial from C$57.00 to C$68.00 in a research note on Monday, January 26th. Finally, Canadian Imperial Bank of Commerce boosted their price objective on IGM Financial from C$61.00 to C$68.00 in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, IGM Financial currently has an average rating of "Hold" and an average price target of C$68.57.

IGM Financial Trading Up 2.7%

The company has a market cap of C$16.14 billion, a P/E ratio of 14.85, a P/E/G ratio of 4.09 and a beta of 0.90. 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 business has a 50-day moving average price of C$65.89 and a two-hundred day moving average price of C$60.65.

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

Insider Buying and Selling at IGM Financial

In other news, Director James Patrick O'sullivan sold 2,800 shares of the business's stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of C$68.35, for a total transaction of C$191,380.00. Following the completion of the sale, the director owned 134,329 shares in the company, valued at C$9,181,387.15. The trade was a 2.04% 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. 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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