IGM Financial (TSE:IGM) Director Douglas Milne Sells 6,620 Shares

IGM Financial Inc. (TSE:IGM) Director Douglas Milne sold 6,620 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of C$76.98, for a total transaction of C$509,607.60. Following the transaction, the director directly owned 1,036 shares in the company, valued at C$79,751.28. The trade was a 86.47% decrease in their ownership of the stock.

IGM Financial Stock Up 1.4%

IGM traded up C$1.06 on Wednesday, reaching C$78.53. 173,652 shares of the company traded hands, compared to its average volume of 470,516. The stock’s 50 day moving average price is C$70.21 and its 200-day moving average price is C$65.02. IGM Financial Inc. has a 52-week low of C$42.13 and a 52-week high of C$78.91. The company has a market cap of C$18.40 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 4.09 and a beta of 0.97. 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 (TSE:IGM) last announced its quarterly earnings data 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. On average, sell-side analysts expect that IGM Financial Inc. will post 4.006816 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. TD Securities boosted their price objective on shares of IGM Financial from C$73.00 to C$76.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. BMO Capital Markets lifted their target price on shares of IGM Financial from C$68.00 to C$72.00 in a research note on Wednesday, April 29th. Scotiabank boosted their price objective on shares of IGM Financial from C$69.00 to C$76.00 in a research note on Tuesday, April 28th. Canadian Imperial Bank of Commerce boosted their price objective on shares of IGM Financial from C$68.00 to C$76.00 in a research note on Wednesday, April 29th. Finally, Royal Bank Of Canada boosted their price objective on shares of IGM Financial from C$51.00 to C$65.00 and gave the stock a “sector perform” rating in a research note on Monday, January 26th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$73.75.

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.