IGM Financial (TSE:IGM) Director J. Luke Gould Sells 9,200 Shares

IGM Financial Inc. (TSE:IGM) Director J. Luke Gould sold 9,200 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of C$78.45, for a total value of C$721,740.00. Following the completion of the transaction, the director owned 26,500 shares of the company’s stock, valued at approximately C$2,078,925. This represents a 25.77% decrease in their ownership of the stock.

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 shares were 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 shares were 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 shares were 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 shares were 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 2,100 shares of IGM Financial stock. The shares were 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.
• On Tuesday, May 26th, J. Luke Gould sold 3,900 shares of IGM Financial stock. The shares were sold at an average price of C$78.39, for a total transaction of C$305,721.00.

IGM Financial Stock Performance

Shares of IGM traded down C$0.40 during trading hours on Thursday, hitting C$77.60. The company had a trading volume of 397,232 shares, compared to its average volume of 465,961. The business has a fifty day moving average of C$72.11 and a 200-day moving average of C$66.20. The company has a quick ratio of 0.31, a current ratio of 1.36 and a debt-to-equity ratio of 81.91. The firm has a market cap 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 12 month low of C$42.13 and a 12 month high of C$79.51.

IGM Financial (TSE:IGM) last announced its earnings results 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 anticipate that IGM Financial Inc. will post 4.006816 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on IGM. TD Securities increased their price target on shares of IGM Financial from C$73.00 to C$76.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. BMO Capital Markets lifted their price target on IGM Financial from C$68.00 to C$72.00 in a report on Wednesday, April 29th. National Bank Financial lifted their price target on IGM Financial from C$82.00 to C$85.00 in a report on Wednesday, April 29th. Scotiabank lifted their price target on IGM Financial from C$69.00 to C$76.00 in a report on Tuesday, April 28th. Finally, TD lifted their price target 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 research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$73.75.

IGM Financial News Roundup

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

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.