IGM Financial (TSE:IGM) Director Sells C$125,510.00 in Stock

Key Points

• Director Damon Murchison sold 1,400 IGM Financial shares for C$125,510, reducing his ownership by 10.66% to 11,735 shares. Including additional sales on August 4, his reported transactions totaled approximately 29,395 shares worth C$2.67 million.
• IGM shares edged up 0.1% to 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.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of C$82.00, despite several recent target-price increases.

IGM Financial Inc. (TSE:IGM - Get Free Report) Director Damon Murchison sold 1,400 shares of the company's stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of C$89.65, for a total value of C$125,510.00. Following the completion of the transaction, the director owned 11,735 shares in the company, valued at C$1,052,042.75. This represents a 10.66% decrease in their ownership of the stock.

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

• On Tuesday, August 4th, Damon Murchison sold 1,000 shares of IGM Financial stock. The stock was 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 value of C$2,265.00.
• On Tuesday, August 4th, Damon Murchison sold 1,300 shares of IGM Financial stock. The shares were 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 transaction 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 shares were 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 traded up C$0.13 during trading on Friday, reaching C$89.48. 225,317 shares of the company traded hands, compared to its average volume of 468,038. The stock has a 50-day simple moving average of C$82.09 and a 200-day simple moving average of C$73.92. The stock has a market cap of C$20.66 billion, a PE ratio of 18.11, a price-to-earnings-growth ratio of 4.09 and a beta of 1.04. IGM Financial Inc. has a twelve month low of C$46.73 and a twelve month high of C$92.01. 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 posted its quarterly earnings data on Wednesday, July 29th. The financial services provider reported C$1.41 earnings per share for the quarter. IGM Financial had a net margin of 29.82% and a return on equity of 12.91%. The firm had revenue of C$1.07 million during the quarter. On average, analysts anticipate that IGM Financial Inc. will post 4.006816 earnings per share for the current year.

IGM Financial Announces Dividend

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

Trending Headlines about IGM Financial

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

Several equities research analysts recently issued reports on the company. National Bank Financial boosted their price objective on IGM Financial from C$85.00 to C$91.00 and gave the company an "outperform" rating in a report on Monday, July 27th. TD lifted their target price on IGM Financial from C$92.00 to C$94.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Scotiabank boosted their price target on shares of IGM Financial from C$84.00 to C$87.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 30th. Royal Bank Of Canada increased their price target on shares of IGM Financial from C$80.00 to C$89.00 and gave the stock a "sector perform" rating in a research report on Friday, July 31st. Finally, BMO Capital Markets lifted their price objective on shares of IGM Financial from C$72.00 to C$80.00 in a report on Wednesday, July 15th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target 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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