IGM Financial (TSE:IGM) Director Sells C$15,784.00 in Stock

Key Points

• IGM Financial director J. Luke Gould sold 200 shares on Wednesday at an average price of C$78.92, bringing the total value of the sale to C$15,784. His remaining stake is 18,100 shares, worth about C$1.43 million.
• Gould also made several large sales earlier in the week, including transactions of 11,000 shares and 6,730 shares, indicating a notable reduction in his position over multiple trades.
• The stock remains strong despite the insider selling, trading near its 52-week high and above both its 50-day and 200-day moving averages. Analysts currently have a consensus “Hold” rating with a target price of C$73.75.

IGM Financial Inc. (TSE:IGM - Get Free Report) Director J. Luke Gould sold 200 shares of the company's stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of C$78.92, for a total value of C$15,784.00. Following the sale, the director owned 18,100 shares in the company, valued at approximately C$1,428,452. This trade represents a 1.09% decrease in their position.

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 shares were sold at an average price of C$78.84, for a total value of C$55,188.00.
• On Tuesday, May 26th, J. Luke Gould sold 708 shares of IGM Financial stock. The shares were sold at an average price of C$78.73, for a total value 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 value 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 value 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 value of C$227,331.00.
• On Tuesday, May 26th, J. Luke Gould sold 11,000 shares of IGM Financial stock. The stock was sold at an average price of C$78.40, for a total value of C$862,400.00.
• 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 value 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 value 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 value 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 value of C$31,384.00.

IGM Financial Price Performance

Shares of IGM traded down C$0.21 during mid-day trading on Thursday, hitting C$77.79. The company's stock had a trading volume of 225,687 shares, compared to its average volume of 464,183. The company has a current ratio of 1.36, a quick ratio of 0.31 and a debt-to-equity ratio of 81.91. The firm has a 50-day simple moving average of C$71.85 and a 200 day simple moving average of C$66.03. The firm has a market capitalization of C$18.08 billion, a P/E ratio of 16.01, a P/E/G ratio of 4.09 and a beta of 0.97. IGM Financial Inc. has a 1-year low of C$42.13 and a 1-year high of C$79.51.

IGM Financial (TSE:IGM - Get Free Report) last posted its quarterly earnings results 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 during the quarter. IGM Financial had a return on equity of 13.19% and a net margin of 29.97%. Analysts predict that IGM Financial Inc. will post 4.006816 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. National Bank Financial lifted their price objective on IGM Financial from C$82.00 to C$85.00 in a report on Wednesday, April 29th. TD lifted their price objective on IGM Financial from C$80.00 to C$86.00 and gave the stock a "buy" rating in a report on Monday, May 11th. Canadian Imperial Bank of Commerce raised their price target on IGM Financial from C$68.00 to C$76.00 in a research report on Wednesday, April 29th. BMO Capital Markets raised their price target on IGM Financial from C$68.00 to C$72.00 in a research report on Wednesday, April 29th. Finally, Scotiabank raised their price target on IGM Financial from C$69.00 to C$76.00 in a research report on Tuesday, April 28th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, IGM Financial presently has a consensus 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

About IGM Financial

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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