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 on Friday, May 15th. The stock was sold at an average price of C$76.98, for a total transaction of C$509,607.60. Following the completion of the transaction, the director owned 1,036 shares of the company’s stock, valued at C$79,751.28. This trade represents a 86.47% decrease in their ownership of the stock.

IGM Financial Stock Up 0.8%

Shares of TSE IGM opened at C$77.44 on Friday. 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 12 month low of C$42.13 and a 12 month high of C$79.00. The firm has a market capitalization of C$18.00 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 4.09 and a beta of 0.97. The firm has a fifty day simple moving average of C$70.98 and a two-hundred day simple moving average of C$65.44.

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. 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 during the quarter. Equities analysts expect that IGM Financial Inc. will post 4.006816 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on IGM shares. Royal Bank Of Canada upped their target price on shares of IGM Financial from C$51.00 to C$65.00 and gave the stock a “sector perform” rating in a research report on Monday, January 26th. Scotiabank upped their target price on shares of IGM Financial from C$69.00 to C$76.00 in a research report on Tuesday, April 28th. TD upped their target price on shares of IGM Financial from C$80.00 to C$86.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. National Bank Financial upped their target price on shares of IGM Financial from C$82.00 to C$85.00 in a research report on Wednesday, April 29th. Finally, BMO Capital Markets upped their target price on shares of IGM Financial from C$68.00 to C$72.00 in a research report on Wednesday, April 29th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price 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.