Key Points
- Director Douglas Milne sold 6,620 shares of IGM Financial on May 15 at an average price of C$76.98, totaling about C$509,608. After the sale, he held 1,036 shares, cutting his ownership by 86.47%.
- IGM Financial’s stock was trading near its 12-month high, opening at C$78.52, compared with a year low of C$42.13. The company has a market cap of C$18.25 billion and recently reported quarterly EPS of C$1.20.
- Analyst sentiment remains mixed but positive overall, with several firms raising price targets and TD issuing a buy rating. The consensus rating is “Hold,” with an average target price of C$73.75.
IGM Financial Inc. (TSE:IGM - Get Free Report) Director Douglas Milne sold 6,620 shares of IGM Financial 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 directly owned 1,036 shares in the company, valued at C$79,751.28. This represents a 86.47% decrease in their ownership of the stock.
IGM Financial Price Performance
TSE IGM opened at C$78.52 on Thursday. The firm's fifty day simple moving average is C$70.49 and its two-hundred day simple moving average is C$65.20. 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$78.91. The firm has a market capitalization of C$18.25 billion, a P/E ratio of 16.16, a P/E/G ratio of 4.09 and a beta of 0.97.
IGM Financial (TSE:IGM - Get Free Report) last released its quarterly earnings results 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 for the quarter. IGM Financial had a net margin of 29.97% and a return on equity of 13.19%. Analysts forecast that IGM Financial Inc. will post 4.006816 EPS for the current fiscal year.
Wall Street Analyst Weigh In
IGM has been the topic of a number of research analyst reports. Canadian Imperial Bank of Commerce boosted their price objective on shares of IGM Financial from C$68.00 to C$76.00 in a report on Wednesday, April 29th. BMO Capital Markets boosted their price objective on shares of IGM Financial from C$68.00 to C$72.00 in a report on Wednesday, April 29th. Scotiabank boosted their price objective on shares of IGM Financial from C$69.00 to C$76.00 in a report on Tuesday, April 28th. TD boosted their price objective on shares of IGM Financial from C$80.00 to C$86.00 and gave the company a "buy" rating in a report on Monday, May 11th. Finally, National Bank Financial boosted their price objective on shares of IGM Financial from C$82.00 to C$85.00 in a report on Wednesday, April 29th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of C$73.75.
View Our Latest Stock Analysis on IGM
IGM Financial Company Profile
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
