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

Key Points

• IGM Financial hit a new 52-week high, trading as high as C$70.79 (last C$70.69) with volume of ~410,402 shares, above its 50-day (C$66.09) and 200-day (C$61.16) moving averages.
• Several analysts have raised price targets (notably to C$76 and C$82), but the MarketBeat consensus remains a Hold with a target price of C$68.57 (two Buy ratings, five Holds).
• Recent fundamentals: Q4 EPS C$1.27, revenue C$1.05B, P/E 15.23, ROE 13.03% and market cap ~C$16.56B; however insiders (66.58% ownership) sold ~92,400 shares (~C$6.3M) last quarter, including a 25,000-share sale by a director.

IGM Financial Inc. (TSE:IGM - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The stock traded as high as C$70.79 and last traded at C$70.69, with a volume of 410402 shares traded. The stock had previously closed at C$69.27.

Analyst Upgrades and Downgrades

IGM has been the topic of several recent research reports. TD Securities lifted their price objective on IGM Financial from C$73.00 to C$76.00 and gave the stock a "buy" rating in a report on Tuesday, February 17th. National Bank Financial lifted their price objective on IGM Financial from C$68.00 to C$82.00 and gave the stock an "outperform" rating in a report on Wednesday, February 4th. Canadian Imperial Bank of Commerce lifted their price objective on IGM Financial from C$61.00 to C$68.00 in a report on Wednesday, January 21st. Royal Bank Of Canada lifted their price objective on IGM Financial from C$51.00 to C$65.00 and gave the stock a "sector perform" rating in a report on Monday, January 26th. Finally, 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. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of C$68.57.

IGM Financial Trading Up 2.0%

The company has a 50 day moving average of C$66.09 and a 200 day moving average of C$61.16. The company has a current ratio of 4.55, a quick ratio of 0.31 and a debt-to-equity ratio of 82.52. The firm has a market cap of C$16.56 billion, a price-to-earnings ratio of 15.23, a price-to-earnings-growth ratio of 4.09 and a beta of 0.90.

IGM Financial (TSE:IGM - Get Free Report) last announced its quarterly earnings results on Thursday, February 12th. The financial services provider reported C$1.27 EPS for the quarter. The business had revenue of C$1.05 billion for the quarter. IGM Financial had a return on equity of 13.03% and a net margin of 28.81%. As a group, research analysts anticipate that IGM Financial Inc. will post 4.006816 EPS for the current year.

Insider Buying and Selling

In other IGM Financial news, Director James Patrick O'sullivan sold 25,000 shares of the business's stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of C$68.73, for a total value of C$1,718,250.00. Following the transaction, the director owned 38,229 shares of the company's stock, valued at approximately C$2,627,479.17. The trade was a 39.54% decrease in their ownership of the stock. Insiders sold a total of 92,400 shares of company stock valued at $6,306,649 over the last quarter. 66.58% of the stock is currently 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.

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