IGM Financial (TSE:IGM) Hits New 12-Month High – What’s Next?

Posted by George Bondi on May 28th, 2026

IGM Financial Inc. (TSE:IGM – Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$79.29 and last traded at C$79.08, with a volume of 151367 shares traded. The stock had previously closed at C$78.63.

Trending Headlines about IGM Financial

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

Negative Sentiment: Director J. Luke Gould sold multiple blocks of IGM Financial shares over two days, including a 11,000-share sale and other smaller disposals, cutting his ownership materially. IGM Financial insider sales report
Neutral Sentiment: The sales were executed near the stock’s recent trading range around C$78, suggesting the insider may have been taking profits rather than reacting to a sudden operational change. IGM Financial insider sales report

Analysts Set New Price Targets

Several brokerages have recently commented on IGM. National Bank Financial boosted their price target on IGM Financial from C$82.00 to C$85.00 in a research note on Wednesday, April 29th. TD boosted their price target on IGM Financial from C$80.00 to C$86.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. BMO Capital Markets boosted their price target on IGM Financial from C$68.00 to C$72.00 in a research note on Wednesday, April 29th. Scotiabank boosted their price target on IGM Financial from C$69.00 to C$76.00 in a research note on Tuesday, April 28th. Finally, Canadian Imperial Bank of Commerce boosted their price target on IGM Financial from C$68.00 to C$76.00 in a research note on Wednesday, April 29th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$73.75.

View Our Latest Report on IGM Financial

IGM Financial Trading Down 0.5%

The company has a current ratio of 1.36, a quick ratio of 0.31 and a debt-to-equity ratio of 81.91. The business has a 50 day moving average of C$72.11 and a 200-day moving average of C$66.20. The stock has a market cap of C$18.04 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 4.09 and a beta of 0.97.

IGM Financial (TSE:IGM – Get Free Report) last released its earnings results on Thursday, May 7th. The financial services provider reported C$1.20 earnings per share (EPS) for the quarter. The company had revenue of C$1.00 million for the quarter. IGM Financial had a net margin of 29.97% and a return on equity of 13.19%. On average, analysts anticipate that IGM Financial Inc. will post 4.006816 EPS for the current year.

Insiders Place Their Bets

In other IGM Financial news, insider Rhonda Goldberg sold 3,347 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of C$77.10, for a total transaction of C$258,053.70. Following the transaction, the insider owned 6,052 shares of the company’s stock, valued at C$466,609.20. This represents a 35.61% decrease in their position. Also, Director J. Luke Gould sold 11,000 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of C$78.40, for a total value of C$862,400.00. Following the transaction, the director directly owned 8,850 shares in the company, valued at approximately C$693,840. This represents a 55.42% decrease in their position. Insiders have sold a total of 46,799 shares of company stock valued at $3,647,268 in the last quarter. 66.58% of the stock is currently owned by company insiders.

IGM Financial Company Profile

(Get Free Report)

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.