J. Luke Gould Sells 2,300 Shares of IGM Financial (TSE:IGM) Stock

IGM Financial Inc. (TSE:IGM) Director J. Luke Gould sold 2,300 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of C$78.04, for a total value of C$179,492.00. Following the transaction, the director directly owned 13,600 shares in the company, valued at C$1,061,344. This represents a 14.47% decrease in their position.

J. Luke Gould also recently made the following trade(s):

• On Tuesday, May 26th, J. Luke Gould sold 350 shares of IGM Financial stock. The stock was sold at an average price of C$78.51, for a total value of C$27,478.50.
• On Tuesday, May 26th, J. Luke Gould sold 3,800 shares of IGM Financial stock. The stock was sold at an average price of C$78.46, for a total value of C$298,148.00.
• On Tuesday, May 26th, J. Luke Gould sold 3,100 shares of IGM Financial stock. The stock was sold at an average price of C$78.44, for a total value of C$243,164.00.
• On Tuesday, May 26th, J. Luke Gould sold 2,400 shares of IGM Financial stock. The stock was sold at an average price of C$78.40, for a total value of C$188,160.00.
• On Tuesday, May 26th, J. Luke Gould sold 9,200 shares of IGM Financial stock. The stock was sold at an average price of C$78.45, for a total value of C$721,740.00.
• On Tuesday, May 26th, J. Luke Gould sold 2,100 shares of IGM Financial stock. The stock was sold at an average price of C$78.53, for a total value of C$164,913.00.
• On Tuesday, May 26th, J. Luke Gould sold 2,200 shares of IGM Financial stock. The shares were sold at an average price of C$78.57, for a total value of C$172,854.00.
• On Tuesday, May 26th, J. Luke Gould sold 3,600 shares of IGM Financial stock. The shares were sold at an average price of C$79.00, for a total value of C$284,400.00.
• On Tuesday, May 26th, J. Luke Gould sold 186 shares of IGM Financial stock. The shares were sold at an average price of C$78.47, for a total value of C$14,595.42.
• On Tuesday, May 26th, J. Luke Gould sold 4,600 shares of IGM Financial stock. The shares were sold at an average price of C$78.40, for a total value of C$360,640.00.

IGM Financial Price Performance

IGM Financial stock traded down C$0.40 during trading hours on Thursday, hitting C$77.60. The stock had a trading volume of 397,232 shares, compared to its average volume of 465,961. The company has a debt-to-equity ratio of 81.91, a current ratio of 1.36 and a quick ratio of 0.31. The stock has a market capitalization of C$18.04 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 4.09 and a beta of 0.97. IGM Financial Inc. has a 1-year low of C$42.13 and a 1-year high of C$79.51. The stock’s fifty day moving average is C$72.11 and its two-hundred day moving average is C$66.20.

IGM Financial (TSE:IGM) last posted its earnings results on Thursday, May 7th. The financial services provider reported C$1.20 earnings per share for the quarter. The company had revenue of C$1.00 million for the quarter. IGM Financial had a return on equity of 13.19% and a net margin of 29.97%. As a group, analysts predict that IGM Financial Inc. will post 4.006816 earnings per share for the current fiscal year.

Key Headlines Impacting 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

Analyst Upgrades and Downgrades

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

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.