Key Points
- Insider sale: IGM Financial insider Rhonda Goldberg sold 3,284 shares on May 11 at an average price of C$76.10, totaling C$249,912.40.
- Stock and financial snapshot: The shares opened at C$76.80, near the 52-week high of C$77.70, and the company carries a market cap of C$17.85 billion with a P/E ratio of 15.80.
- Analyst sentiment remains mixed: Wall Street analysts have a consensus rating of Hold with an average target price of C$73.75, though several firms recently raised their price targets and TD issued a Buy rating.
IGM Financial Inc. (TSE:IGM - Get Free Report) insider Rhonda Goldberg sold 3,284 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of C$76.10, for a total transaction of C$249,912.40.
IGM Financial Stock Performance
TSE:IGM opened at C$76.80 on Thursday. The company has a current ratio of 1.36, a quick ratio of 0.31 and a debt-to-equity ratio of 81.91. The company has a market capitalization of C$17.85 billion, a P/E ratio of 15.80, a price-to-earnings-growth ratio of 4.09 and a beta of 0.97. The firm has a 50-day moving average price of C$69.38 and a two-hundred day moving average price of C$64.36. IGM Financial Inc. has a twelve month low of C$42.13 and a twelve month high of C$77.70.
IGM Financial (TSE:IGM - Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The financial services provider reported C$1.20 earnings per share (EPS) for the quarter. The company had revenue of C$1.00 million for the quarter. IGM Financial had a net margin of 29.97% and a return on equity of 13.19%. As a group, research analysts expect that IGM Financial Inc. will post 4.006816 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on IGM shares. BMO Capital Markets increased their target price on IGM Financial from C$68.00 to C$72.00 in a report on Wednesday, April 29th. Canadian Imperial Bank of Commerce boosted their price target on IGM Financial from C$68.00 to C$76.00 in a report on Wednesday, April 29th. TD upped their price objective on IGM Financial from C$80.00 to C$86.00 and gave the company a "buy" rating in a research report on Monday. National Bank Financial lifted their price objective on IGM Financial from C$82.00 to C$85.00 in a research report on Wednesday, April 29th. Finally, Royal Bank Of Canada boosted their target price on shares of IGM Financial from C$51.00 to C$65.00 and gave the company a "sector perform" rating in a research note on Monday, January 26th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, IGM Financial presently has an average rating of "Hold" and a consensus target price of C$73.75.
Read Our Latest Stock Analysis on IGM Financial
About IGM Financial
(
Get Free Report)
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.
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