IGM Financial (TSE:IGM) Director Sells C$109,480.00 in Stock

IGM Financial Inc. (TSE:IGM) Director James Patrick O’sullivan sold 1,400 shares of the firm’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of C$78.20, for a total value of C$109,480.00. Following the transaction, the director owned 98,748 shares in the company, valued at C$7,722,093.60. This trade represents a 1.40% decrease in their ownership of the stock.

James Patrick O’sullivan also recently made the following trade(s):

• On Tuesday, June 23rd, James Patrick O’sullivan sold 1,500 shares of IGM Financial stock. The shares were sold at an average price of C$78.82, for a total transaction of C$118,230.00.
• On Tuesday, June 23rd, James Patrick O’sullivan sold 2,000 shares of IGM Financial stock. The stock was sold at an average price of C$78.59, for a total transaction of C$157,180.00.
• On Tuesday, June 23rd, James Patrick O’sullivan sold 1,200 shares of IGM Financial stock. The stock was sold at an average price of C$78.37, for a total transaction of C$94,044.00.
• On Tuesday, June 23rd, James Patrick O’sullivan sold 800 shares of IGM Financial stock. The shares were sold at an average price of C$78.03, for a total transaction of C$62,424.00.
• On Tuesday, June 23rd, James Patrick O’sullivan sold 900 shares of IGM Financial stock. The shares were sold at an average price of C$77.87, for a total transaction of C$70,083.00.
• On Tuesday, June 23rd, James Patrick O’sullivan sold 1,100 shares of IGM Financial stock. The shares were sold at an average price of C$77.94, for a total transaction of C$85,734.00.
• On Tuesday, June 23rd, James Patrick O’sullivan sold 1,000 shares of IGM Financial stock. The stock was sold at an average price of C$77.95, for a total transaction of C$77,950.00.
• On Tuesday, June 23rd, James Patrick O’sullivan sold 1,300 shares of IGM Financial stock. The stock was sold at an average price of C$77.92, for a total transaction of C$101,296.00.
• On Wednesday, June 24th, James Patrick O’sullivan sold 550 shares of IGM Financial stock. The shares were sold at an average price of C$78.13, for a total value of C$42,971.50.
• On Wednesday, June 24th, James Patrick O’sullivan sold 400 shares of IGM Financial stock. The shares were sold at an average price of C$78.18, for a total value of C$31,272.00.

IGM Financial Stock Performance

Shares of IGM Financial stock traded down C$0.16 on Thursday, reaching C$77.42. 273,289 shares of the company were exchanged, compared to its average volume of 465,723. The company has a debt-to-equity ratio of 81.91, a quick ratio of 0.31 and a current ratio of 1.36. The company’s 50-day moving average is C$77.54 and its two-hundred day moving average is C$69.36. The firm has a market cap of C$18.00 billion, a price-to-earnings ratio of 15.93, a P/E/G ratio of 4.09 and a beta of 1.03. IGM Financial Inc. has a 1-year low of C$42.13 and a 1-year high of C$84.41.

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

IGM Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 31st will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Monday, June 29th. This represents a $2.48 annualized dividend and a dividend yield of 3.2%. IGM Financial’s payout ratio is 47.48%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. TD increased their price objective on shares of IGM Financial from C$80.00 to C$86.00 and gave the stock a “buy” rating in a 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. Canadian Imperial Bank of Commerce raised their price target on shares of IGM Financial from C$68.00 to C$76.00 in a research note on Wednesday, April 29th. 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. Finally, Scotiabank boosted their price objective on IGM Financial from C$69.00 to C$76.00 in a research report on Tuesday, April 28th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus 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.