IGM Financial (TSE:IGM) Director Damon Murchison Sells 7,300 Shares

Key Points

• Director Damon Murchison sold 7,300 IGM Financial shares at an average price of C$90.95, generating C$663,935 and reducing his direct holdings by 72.03% to 2,835 shares.
• IGM Financial shares recently traded at C$89.48, near their 52-week high of C$92.01. The company reported quarterly EPS of C$1.41 and maintains a quarterly dividend of C$0.62 per share, equivalent to a 2.8% yield.
• Analysts have recently raised their price targets, but the stock retains a consensus “Hold” rating with an average target of C$82.00, below its recent trading price.

IGM Financial Inc. (TSE:IGM - Get Free Report) Director Damon Murchison sold 7,300 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of C$90.95, for a total value of C$663,935.00. Following the transaction, the director directly owned 2,835 shares in the company, valued at approximately C$257,843.25. This represents a 72.03% decrease in their position.

Damon Murchison also recently made the following trade(s):

• On Tuesday, August 4th, Damon Murchison sold 1,000 shares of IGM Financial stock. The shares were sold at an average price of C$91.31, for a total value of C$91,310.00.
• On Tuesday, August 4th, Damon Murchison sold 5,000 shares of IGM Financial stock. The stock was sold at an average price of C$91.37, for a total value of C$456,850.00.
• On Tuesday, August 4th, Damon Murchison sold 25 shares of IGM Financial stock. The shares were sold at an average price of C$90.60, for a total transaction of C$2,265.00.
• On Tuesday, August 4th, Damon Murchison sold 1,300 shares of IGM Financial stock. The stock was sold at an average price of C$90.44, for a total value of C$117,572.00.
• On Tuesday, August 4th, Damon Murchison sold 500 shares of IGM Financial stock. The stock was sold at an average price of C$90.66, for a total value of C$45,330.00.
• On Tuesday, August 4th, Damon Murchison sold 700 shares of IGM Financial stock. The stock was sold at an average price of C$90.81, for a total value of C$63,567.00.
• On Tuesday, August 4th, Damon Murchison sold 1,470 shares of IGM Financial stock. The shares were sold at an average price of C$90.98, for a total value of C$133,740.60.
• On Tuesday, August 4th, Damon Murchison sold 1,100 shares of IGM Financial stock. The shares were sold at an average price of C$90.92, for a total transaction of C$100,012.00.
• On Tuesday, August 4th, Damon Murchison sold 100 shares of IGM Financial stock. The stock was sold at an average price of C$91.09, for a total transaction of C$9,109.00.
• On Tuesday, August 4th, Damon Murchison sold 600 shares of IGM Financial stock. The stock was sold at an average price of C$91.06, for a total transaction of C$54,636.00.

IGM Financial Trading Up 0.1%

Shares of IGM Financial stock traded up C$0.13 during trading hours on Friday, hitting C$89.48. The company's stock had a trading volume of 225,317 shares, compared to its average volume of 468,038. IGM Financial Inc. has a 1-year low of C$46.73 and a 1-year high of C$92.01. The business has a fifty day moving average of C$82.09 and a 200 day moving average of C$73.92. The company has a market capitalization of C$20.66 billion, a PE ratio of 18.11, a P/E/G ratio of 4.09 and a beta of 1.04. The company has a quick ratio of 0.31, a current ratio of 1.28 and a debt-to-equity ratio of 82.59.

IGM Financial (TSE:IGM - Get Free Report) last issued its earnings results on Wednesday, July 29th. The financial services provider reported C$1.41 earnings per share for the quarter. IGM Financial had a return on equity of 12.91% and a net margin of 29.82%.The company had revenue of C$1.07 million during the quarter. As a group, equities analysts forecast that IGM Financial Inc. will post 4.006816 EPS for the current year.

IGM Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 31st were paid a dividend of $0.62 per share. The ex-dividend date of this dividend was Monday, June 29th. This represents a $2.48 annualized dividend and a yield of 2.8%. IGM Financial's payout ratio is 47.87%.

More IGM Financial News

Here are the key news stories impacting IGM Financial this week:

• Neutral Sentiment: IGM Financial announced its July 2026 assets under management and advisement and net flows. The update may provide insight into client asset growth, investment performance and demand for the company’s wealth-management services, but the supplied report does not include the underlying figures. IGM Financial Inc. Announces July 2026 Assets Under Management & Advisement and Net Flows
• Negative Sentiment: Director Damon Murchison disclosed numerous sales of IGM Financial shares on August 4 and August 6. In aggregate, the reported transactions involved approximately 29,395 shares worth about C$2.67 million, substantially reducing his holdings in several accounts. Insider selling is not necessarily a sign of deteriorating fundamentals, since it may reflect personal liquidity or portfolio management, but the volume and repeated disclosures can create a near-term overhang for the stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Royal Bank Of Canada upped their target price on IGM Financial from C$80.00 to C$89.00 and gave the company a "sector perform" rating in a research report on Friday, July 31st. BMO Capital Markets raised their price target on shares of IGM Financial from C$72.00 to C$80.00 in a research report on Wednesday, July 15th. National Bank Financial lifted their price target on shares of IGM Financial from C$85.00 to C$91.00 and gave the stock an "outperform" rating in a research note on Monday, July 27th. TD upped their price target on shares of IGM Financial from C$92.00 to C$94.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Finally, Canadian Imperial Bank of Commerce increased their price objective on shares of IGM Financial from C$79.00 to C$85.00 in a research note on Friday, July 10th. 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, IGM Financial has an average rating of "Hold" and a consensus target price of C$82.00.

IGM Financial Company Profile

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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