IGM Financial (TSE:IGM) Director Sells C$509,607.60 in Stock

IGM Financial Inc. (TSE:IGM) Director Douglas Milne sold 6,620 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of C$76.98, for a total transaction of C$509,607.60. Following the transaction, the director owned 1,036 shares in the company, valued at approximately C$79,751.28. The trade was a 86.47% decrease in their ownership of the stock.

IGM Financial Trading Up 1.4%

Shares of TSE:IGM traded up C$1.06 during mid-day trading on Wednesday, reaching C$78.53. The stock had a trading volume of 173,652 shares, compared to its average volume of 470,516. The firm has a market cap of C$18.40 billion, a PE ratio of 16.16, a price-to-earnings-growth ratio of 4.09 and a beta of 0.97. The firm has a 50 day simple moving average of C$70.21 and a two-hundred day simple moving average of C$65.02. The company has a current ratio of 1.36, a quick ratio of 0.31 and a debt-to-equity ratio of 81.91. IGM Financial Inc. has a twelve month low of C$42.13 and a twelve month high of C$78.91.

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Canadian Imperial Bank of Commerce lifted their price objective on shares of IGM Financial from C$68.00 to C$76.00 in a report on Wednesday, April 29th. BMO Capital Markets lifted their price objective on shares of IGM Financial from C$68.00 to C$72.00 in a research report on Wednesday, April 29th. Scotiabank lifted their price objective on shares of IGM Financial from C$69.00 to C$76.00 in a research report on Tuesday, April 28th. Royal Bank Of Canada lifted their target price 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, TD lifted their target price on IGM Financial from C$80.00 to C$86.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average 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.