IGM Financial (TSE:IGM) Director J. Luke Gould Sells 9,200 Shares

Key Points

• IGM Financial director J. Luke Gould sold 9,200 shares on May 26 at an average price of C$78.45, worth about C$721,740. The sale reduced his position by 25.77%, leaving him with 26,500 shares.
• Gould also completed several additional share sales the same day across multiple blocks, bringing his total insider disposals to a much larger amount. The trades were all executed near the C$78 range.
• IGM Financial’s stock was trading near its 52-week high, recently down 0.5% to C$77.60. Analysts currently have a consensus Hold rating with an average target price of C$73.75, even as several firms recently raised their price targets.

IGM Financial Inc. (TSE:IGM - Get Free Report) Director J. Luke Gould sold 9,200 shares of the business's stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of C$78.45, for a total value of C$721,740.00. Following the sale, the director owned 26,500 shares of the company's stock, valued at approximately C$2,078,925. The trade was a 25.77% decrease in their position.

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

• On Tuesday, May 26th, J. Luke Gould sold 350 shares of IGM Financial stock. The shares were sold at an average price of C$78.51, for a total value of C$27,478.50.
• On Tuesday, May 26th, J. Luke Gould sold 3,800 shares of IGM Financial stock. The shares were sold at an average price of C$78.46, for a total value of C$298,148.00.
• On Tuesday, May 26th, J. Luke Gould sold 3,100 shares of IGM Financial stock. The shares were sold at an average price of C$78.44, for a total value of C$243,164.00.
• On Tuesday, May 26th, J. Luke Gould sold 2,400 shares of IGM Financial stock. The shares were sold at an average price of C$78.40, for a total value of C$188,160.00.
• On Tuesday, May 26th, J. Luke Gould sold 2,100 shares of IGM Financial stock. The shares were sold at an average price of C$78.53, for a total value of C$164,913.00.
• On Tuesday, May 26th, J. Luke Gould sold 2,200 shares of IGM Financial stock. The shares were sold at an average price of C$78.57, for a total value of C$172,854.00.
• On Tuesday, May 26th, J. Luke Gould sold 3,600 shares of IGM Financial stock. The shares were sold at an average price of C$79.00, for a total value of C$284,400.00.
• On Tuesday, May 26th, J. Luke Gould sold 186 shares of IGM Financial stock. The shares were sold at an average price of C$78.47, for a total value of C$14,595.42.
• On Tuesday, May 26th, J. Luke Gould sold 4,600 shares of IGM Financial stock. The shares were sold at an average price of C$78.40, for a total value of C$360,640.00.
• On Tuesday, May 26th, J. Luke Gould sold 3,900 shares of IGM Financial stock. The shares were sold at an average price of C$78.39, for a total value of C$305,721.00.

IGM Financial Trading Down 0.5%

TSE IGM traded down C$0.40 on Thursday, reaching C$77.60. The company had a trading volume of 397,232 shares, compared to its average volume of 465,961. The stock's 50 day moving average is C$72.11 and its 200-day moving average is C$66.20. The stock has a market cap of C$18.04 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 4.09 and a beta of 0.97. The company has a quick ratio of 0.31, a current ratio of 1.36 and a debt-to-equity ratio of 81.91. IGM Financial Inc. has a 52 week low of C$42.13 and a 52 week high of C$79.51.

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

IGM Financial News Roundup

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

• Negative Sentiment: Director J. Luke Gould sold multiple blocks of IGM Financial shares over two days, including a 11,000-share sale and other smaller disposals, cutting his ownership materially. IGM Financial insider sales report
• Neutral Sentiment: The sales were executed near the stock’s recent trading range around C$78, suggesting the insider may have been taking profits rather than reacting to a sudden operational change. IGM Financial insider sales report

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on IGM. Canadian Imperial Bank of Commerce increased their price target on IGM Financial from C$68.00 to C$76.00 in a report on Wednesday, April 29th. BMO Capital Markets increased their price target on IGM Financial from C$68.00 to C$72.00 in a report on Wednesday, April 29th. National Bank Financial increased their price target on IGM Financial from C$82.00 to C$85.00 in a report on Wednesday, April 29th. Scotiabank increased their price target on IGM Financial from C$69.00 to C$76.00 in a report on Tuesday, April 28th. Finally, TD Securities increased their price target on IGM Financial from C$73.00 to C$76.00 and gave the stock a "buy" rating in a report on Tuesday, February 17th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, IGM Financial currently has an average rating of "Hold" and a consensus target price of C$73.75.

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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