Insider Selling: IGM Financial (TSE:IGM) Director Sells 200 Shares of Stock

IGM Financial Inc. (TSE:IGM) Director J. Luke Gould sold 200 shares of IGM Financial stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of C$78.92, for a total value of C$15,784.00. Following the completion of the sale, the director directly owned 18,100 shares of the company’s stock, valued at approximately C$1,428,452. This represents a 1.09% decrease in their position.

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

• On Tuesday, May 26th, J. Luke Gould sold 700 shares of IGM Financial stock. The shares were sold at an average price of C$78.84, for a total value of C$55,188.00.
• On Tuesday, May 26th, J. Luke Gould sold 708 shares of IGM Financial stock. The shares were sold at an average price of C$78.73, for a total value of C$55,740.84.
• On Tuesday, May 26th, J. Luke Gould sold 6,730 shares of IGM Financial stock. The shares were sold at an average price of C$78.44, for a total value of C$527,901.20.
• On Tuesday, May 26th, J. Luke Gould sold 300 shares of IGM Financial stock. The shares were sold at an average price of C$78.47, for a total value of C$23,541.00.
• On Tuesday, May 26th, J. Luke Gould sold 2,900 shares of IGM Financial stock. The shares were sold at an average price of C$78.39, for a total value of C$227,331.00.
• On Tuesday, May 26th, J. Luke Gould sold 11,000 shares of IGM Financial stock. The shares were sold at an average price of C$78.40, for a total value of C$862,400.00.
• On Tuesday, May 26th, J. Luke Gould sold 600 shares of IGM Financial stock. The shares were sold at an average price of C$78.41, for a total value of C$47,046.00.
• On Tuesday, May 26th, J. Luke Gould sold 2,500 shares of IGM Financial stock. The shares were sold at an average price of C$78.42, for a total value of C$196,050.00.
• On Tuesday, May 26th, J. Luke Gould sold 1,500 shares of IGM Financial stock. The shares were sold at an average price of C$78.43, for a total value of C$117,645.00.
• On Tuesday, May 26th, J. Luke Gould sold 400 shares of IGM Financial stock. The shares were sold at an average price of C$78.46, for a total value of C$31,384.00.

IGM Financial Trading Down 0.3%

IGM stock traded down C$0.21 during trading on Thursday, reaching C$77.79. 225,687 shares of the stock traded hands, compared to its average volume of 464,183. The business’s 50 day moving average price is C$71.85 and its 200-day moving average price is C$66.03. The firm has a market capitalization of C$18.08 billion, a PE ratio of 16.01, a P/E/G ratio of 4.09 and a beta of 0.97. IGM Financial Inc. has a 52-week low of C$42.13 and a 52-week high of C$79.51. The company has a debt-to-equity ratio of 81.91, a current ratio of 1.36 and a quick ratio of 0.31.

IGM Financial (TSE:IGM) last issued its quarterly earnings data on Thursday, May 7th. The financial services provider reported C$1.20 EPS 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, sell-side analysts forecast that IGM Financial Inc. will post 4.006816 earnings per share for the current year.

Key IGM Financial News

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

• Negative Sentiment: Director J. Luke Gould sold a large block of IGM shares across multiple transactions, including 11,000 shares and 6,730 shares, cutting his position materially. IGM Financial insider transaction details
• Neutral Sentiment: The shares were sold near the stock’s recent trading range, around C$78.4-C$79.0, which may suggest routine portfolio trimming rather than a dramatic change in fundamentals. IGM Financial insider transaction details
• Neutral Sentiment: Despite the insider sales, IGM Financial remains near its 52-week high and above both its 50-day and 200-day moving averages, indicating the broader trend has still been strong. IGM Financial price performance

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. BMO Capital Markets raised their price objective on IGM Financial from C$68.00 to C$72.00 in a research note on Wednesday, April 29th. 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. National Bank Financial increased their price objective on IGM Financial from C$82.00 to C$85.00 in a report on Wednesday, April 29th. Scotiabank increased their price objective on IGM Financial from C$69.00 to C$76.00 in a report on Tuesday, April 28th. Finally, TD Securities increased 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. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$73.75.

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.