Key Points
- IGM Financial insider Rhonda Goldberg sold shares on May 11, disposing of 3,347 shares at an average price of C$77.10 for about C$258,054. After the sale, she still held 6,052 shares, a 35.61% reduction in her ownership.
- The stock has been trading near its 52-week high, opening at C$77.64 versus a 52-week high of C$78.43. It has also risen well above its 50-day and 200-day moving averages.
- Analyst sentiment is mixed but improving, with several firms raising price targets and TD reiterating a buy rating. The consensus rating remains Hold, with an average target price of C$73.75.
IGM Financial Inc. (TSE:IGM - Get Free Report) insider Rhonda Goldberg sold 3,347 shares of the firm's stock in a transaction on Monday, May 11th. The shares were sold at an average price of C$77.10, for a total value of C$258,053.70. Following the sale, the insider directly owned 6,052 shares of the company's stock, valued at approximately C$466,609.20. This represents a 35.61% decrease in their ownership of the stock.
Rhonda Goldberg also recently made the following trade(s):
- On Monday, May 11th, Rhonda Goldberg sold 3,284 shares of IGM Financial stock. The shares were sold at an average price of C$76.10, for a total value of C$249,912.40.
IGM Financial Price Performance
Shares of TSE:IGM opened at C$77.64 on Friday. The company has a market capitalization of C$18.19 billion, a P/E ratio of 15.98, a price-to-earnings-growth ratio of 4.09 and a beta of 0.97. The company's 50-day moving average is C$69.78 and its 200 day moving average is C$64.62. The company has a debt-to-equity ratio of 81.91, a quick ratio of 0.31 and a current ratio of 1.36. IGM Financial Inc. has a fifty-two week low of C$42.13 and a fifty-two week high of C$78.43.
IGM Financial (TSE:IGM - Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The financial services provider reported C$1.20 earnings per share for the quarter. The company had revenue of C$1.00 million during the quarter. IGM Financial had a net margin of 29.97% and a return on equity of 13.19%. On average, equities research analysts forecast that IGM Financial Inc. will post 4.006816 earnings per share for the current year.
Analysts Set New Price Targets
Several research firms recently weighed in on IGM. BMO Capital Markets increased their price target on shares of IGM Financial from C$68.00 to C$72.00 in a research report on Wednesday, April 29th. TD increased their price target on shares of IGM Financial from C$80.00 to C$86.00 and gave the company a "buy" rating in a research report on Monday, May 11th. 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 research report on Tuesday, February 17th. National Bank Financial increased their price target on IGM Financial from C$82.00 to C$85.00 in a research note on Wednesday, April 29th. Finally, Canadian Imperial Bank of Commerce increased their price target on IGM Financial from C$68.00 to C$76.00 in a research note on Wednesday, April 29th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of C$73.75.
Get Our Latest Report on IGM
About IGM Financial
(
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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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