IGM Financial (TSE:IGM) Director J. Luke Gould Sells 11,000 Shares

Key Points

• IGM Financial director J. Luke Gould sold 11,000 shares on May 26 at an average price of C$78.40, totaling C$862,400. The sale cut his ownership by more than half, leaving him with 8,850 shares.
• Gould also made several additional insider sales that day, bringing the total number of shares sold across multiple transactions to a much larger block. The trades were executed around C$78.39 to C$78.84 per share.
• IGM Financial shares remain strong despite the insider selling, trading near a 52-week high and above both the 50-day and 200-day moving averages. Analysts currently have a consensus Hold rating with an average target price of C$73.75.

IGM Financial Inc. (TSE:IGM - Get Free Report) Director J. Luke Gould sold 11,000 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of C$78.40, for a total transaction of C$862,400.00. Following the completion of the sale, the director owned 8,850 shares in the company, valued at approximately C$693,840. This trade represents a 55.42% decrease in their ownership of the stock.

J. Luke Gould also recently made the following trade(s):

• On Tuesday, May 26th, J. Luke Gould sold 700 shares of IGM Financial stock. The stock was sold at an average price of C$78.84, for a total transaction of C$55,188.00.
• On Tuesday, May 26th, J. Luke Gould sold 708 shares of IGM Financial stock. The stock was sold at an average price of C$78.73, for a total transaction of C$55,740.84.
• On Tuesday, May 26th, J. Luke Gould sold 6,730 shares of IGM Financial stock. The stock was sold at an average price of C$78.44, for a total transaction of C$527,901.20.
• On Tuesday, May 26th, J. Luke Gould sold 300 shares of IGM Financial stock. The stock was sold at an average price of C$78.47, for a total transaction of C$23,541.00.
• On Tuesday, May 26th, J. Luke Gould sold 2,900 shares of IGM Financial stock. The stock was sold at an average price of C$78.39, for a total transaction of C$227,331.00.
• On Tuesday, May 26th, J. Luke Gould sold 600 shares of IGM Financial stock. The stock was sold at an average price of C$78.41, for a total transaction of C$47,046.00.
• On Tuesday, May 26th, J. Luke Gould sold 2,500 shares of IGM Financial stock. The stock was sold at an average price of C$78.42, for a total transaction of C$196,050.00.
• On Tuesday, May 26th, J. Luke Gould sold 1,500 shares of IGM Financial stock. The stock was sold at an average price of C$78.43, for a total transaction of C$117,645.00.
• On Tuesday, May 26th, J. Luke Gould sold 400 shares of IGM Financial stock. The stock was sold at an average price of C$78.46, for a total transaction of C$31,384.00.
• On Tuesday, May 26th, J. Luke Gould sold 1,400 shares of IGM Financial stock. The shares were sold at an average price of C$78.50, for a total value of C$109,900.00.

IGM Financial Stock Down 0.3%

TSE:IGM traded down C$0.21 on Thursday, hitting C$77.79. 225,687 shares of the company's stock were exchanged, compared to its average volume of 464,183. The firm has a 50-day moving average price of C$71.85 and a 200-day moving average price of C$66.03. The company has a debt-to-equity ratio of 81.91, a current ratio of 1.36 and a quick ratio of 0.31. IGM Financial Inc. has a 52 week low of C$42.13 and a 52 week high of C$79.51. The company has a market cap of C$18.08 billion, a P/E ratio of 16.01, a price-to-earnings-growth ratio of 4.09 and a beta of 0.97.

IGM Financial (TSE:IGM - Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The financial services provider reported C$1.20 EPS for the quarter. IGM Financial had a net margin of 29.97% and a return on equity of 13.19%. The firm had revenue of C$1.00 million for the quarter. As a group, analysts expect that IGM Financial Inc. will post 4.006816 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on IGM shares. BMO Capital Markets lifted their target price on IGM Financial from C$68.00 to C$72.00 in a research note on Wednesday, April 29th. Scotiabank lifted their price objective on IGM Financial from C$69.00 to C$76.00 in a report on Tuesday, April 28th. Canadian Imperial Bank of Commerce increased their price target on shares of IGM Financial from C$68.00 to C$76.00 in a research report on Wednesday, April 29th. TD Securities increased their price target on shares of IGM Financial from C$73.00 to C$76.00 and gave the stock a "buy" rating in a research report on Tuesday, February 17th. Finally, National Bank Financial increased their price target on shares of IGM Financial from C$82.00 to C$85.00 in a research report on Wednesday, April 29th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of C$73.75.

Trending Headlines about IGM Financial

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

• Negative Sentiment: Director J. Luke Gould sold a large block of IGM shares across multiple transactions, including 11,000 shares and 6,730 shares, cutting his position materially. IGM Financial insider transaction details
• Neutral Sentiment: The shares were sold near the stock’s recent trading range, around C$78.4-C$79.0, which may suggest routine portfolio trimming rather than a dramatic change in fundamentals. IGM Financial insider transaction details
• Neutral Sentiment: Despite the insider sales, IGM Financial remains near its 52-week high and above both its 50-day and 200-day moving averages, indicating the broader trend has still been strong. IGM Financial price performance

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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