Insider Selling: IGM Financial (TSE:IGM) Director Sells 2,300 Shares of Stock

Key Points

• IGM Financial director J. Luke Gould sold 2,300 shares on May 27 at an average price of C$78.04, totaling about C$179,492. After the sale, he still held 13,600 shares, but his stake fell 14.47%.
• Gould also made a series of additional share sales on May 26, including multiple larger blocks that brought the total divestment to a substantial amount over two days.
• IGM Financial stock traded near its recent highs, closing at C$77.60 after a small decline, while 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 2,300 shares of the business's stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of C$78.04, for a total value of C$179,492.00. Following the completion of the sale, the director owned 13,600 shares of the company's stock, valued at approximately C$1,061,344. This represents a 14.47% 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 9,200 shares of IGM Financial stock. The shares were sold at an average price of C$78.45, for a total value of C$721,740.00.
• 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.

IGM Financial Stock Performance

TSE IGM traded down C$0.40 on Thursday, reaching C$77.60. The stock had a trading volume of 397,232 shares, compared to its average volume of 465,961. The company has a debt-to-equity ratio of 81.91, a quick ratio of 0.31 and a current ratio of 1.36. IGM Financial Inc. has a 12-month low of C$42.13 and a 12-month high of C$79.51. The business's 50-day moving average price is C$72.11 and its 200 day moving average price is C$66.20. The stock has a market cap of C$18.04 billion, a P/E ratio of 15.97, 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 data on Thursday, May 7th. The financial services provider reported C$1.20 earnings per share for the quarter. IGM Financial had a return on equity of 13.19% and a net margin of 29.97%.The company had revenue of C$1.00 million during the quarter. As a group, equities analysts expect that IGM Financial Inc. will post 4.006816 earnings per share for the current year.

Analyst Ratings Changes

IGM has been the subject of several analyst reports. BMO Capital Markets upped their price target on IGM Financial from C$68.00 to C$72.00 in a research note on Wednesday, April 29th. Scotiabank upped their price target on IGM Financial from C$69.00 to C$76.00 in a research note on Tuesday, April 28th. TD upped their price target on IGM Financial from C$80.00 to C$86.00 and gave the stock a "buy" rating in a research note on Monday, May 11th. TD Securities upped their price target on IGM Financial from C$73.00 to C$76.00 and gave the stock a "buy" rating in a research note on Tuesday, February 17th. Finally, Canadian Imperial Bank of Commerce upped their price target on IGM Financial from C$68.00 to C$76.00 in a research note on Wednesday, April 29th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of C$73.75.

IGM Financial News Summary

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

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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