Rhonda Goldberg Sells 2,599 Shares of IGM Financial (TSE:IGM) Stock

IGM Financial Inc. (TSE:IGM) insider Rhonda Goldberg sold 2,599 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of C$86.76, for a total value of C$225,489.24. Following the completion of the sale, the insider directly owned 3,453 shares of the company’s stock, valued at C$299,582.28. The trade was a 42.94% decrease in their position.

Rhonda Goldberg also recently made the following trade(s):

• On Monday, May 11th, Rhonda Goldberg sold 3,347 shares of IGM Financial stock. The shares were sold at an average price of C$77.10, for a total transaction of C$258,053.70.
• On Monday, May 11th, Rhonda Goldberg sold 3,284 shares of IGM Financial stock. The shares were sold at an average price of C$76.10, for a total transaction of C$249,912.40.

IGM Financial Trading Up 3.7%

TSE IGM traded up C$3.25 during trading on Tuesday, hitting C$90.41. The company had a trading volume of 407,517 shares, compared to its average volume of 467,131. The company has a current ratio of 1.28, a quick ratio of 0.31 and a debt-to-equity ratio of 82.59. IGM Financial Inc. has a one year low of C$45.50 and a one year high of C$92.01. The company has a market cap of C$20.87 billion, a price-to-earnings ratio of 18.30, a price-to-earnings-growth ratio of 4.09 and a beta of 1.03. The company’s fifty day moving average is C$81.39 and its 200-day moving average is C$73.41.

IGM Financial (TSE:IGM) last announced its earnings results on Wednesday, July 29th. The financial services provider reported C$1.41 earnings per share for the quarter. IGM Financial had a net margin of 29.82% and a return on equity of 12.91%. The firm had revenue of C$1.07 million for the quarter. On average, sell-side analysts predict that IGM Financial Inc. will post 4.006816 earnings per share for the current year.

IGM Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 31st were issued a $0.62 dividend. The ex-dividend date was Monday, June 29th. This represents a $2.48 annualized dividend and a yield of 2.7%. IGM Financial’s dividend payout ratio (DPR) is 47.87%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. BMO Capital Markets upped their target price on IGM Financial from C$72.00 to C$80.00 in a report on Wednesday, July 15th. Canadian Imperial Bank of Commerce lifted their price target on IGM Financial from C$79.00 to C$85.00 in a research report on Friday, July 10th. National Bank Financial upped their price target on IGM Financial from C$85.00 to C$91.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Scotiabank increased their price objective on IGM Financial from C$84.00 to C$87.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. Finally, TD raised their price objective on IGM Financial from C$92.00 to C$94.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$82.00.

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.