IGM Financial (TSE:IGM) Director Sells 2,000 Shares of Stock

IGM Financial Inc. (TSE:IGM) Director James Patrick O’sullivan sold 2,000 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of C$78.59, for a total value of C$157,180.00. Following the completion of the transaction, the director directly owned 76,848 shares of the company’s stock, valued at approximately C$6,039,484.32. This trade represents a 2.54% decrease in their position.

James Patrick O’sullivan also recently made the following trade(s):

• On Tuesday, June 23rd, James Patrick O’sullivan sold 1,500 shares of IGM Financial stock. The shares were sold at an average price of C$78.82, for a total transaction of C$118,230.00.
• On Tuesday, June 23rd, James Patrick O’sullivan sold 1,200 shares of IGM Financial stock. The stock was sold at an average price of C$78.37, for a total transaction of C$94,044.00.
• On Tuesday, June 23rd, James Patrick O’sullivan sold 800 shares of IGM Financial stock. The shares were sold at an average price of C$78.03, for a total transaction of C$62,424.00.
• On Tuesday, June 23rd, James Patrick O’sullivan sold 900 shares of IGM Financial stock. The stock was sold at an average price of C$77.87, for a total transaction of C$70,083.00.
• On Tuesday, June 23rd, James Patrick O’sullivan sold 1,100 shares of IGM Financial stock. The stock was sold at an average price of C$77.94, for a total transaction of C$85,734.00.
• On Tuesday, June 23rd, James Patrick O’sullivan sold 1,000 shares of IGM Financial stock. The stock was sold at an average price of C$77.95, for a total transaction of C$77,950.00.
• On Tuesday, June 23rd, James Patrick O’sullivan sold 1,300 shares of IGM Financial stock. The shares were sold at an average price of C$77.92, for a total transaction of C$101,296.00.
• On Wednesday, June 24th, James Patrick O’sullivan sold 550 shares of IGM Financial stock. The shares were sold at an average price of C$78.13, for a total value of C$42,971.50.
• On Wednesday, June 24th, James Patrick O’sullivan sold 1,400 shares of IGM Financial stock. The stock was sold at an average price of C$78.20, for a total value of C$109,480.00.
• On Wednesday, June 24th, James Patrick O’sullivan sold 400 shares of IGM Financial stock. The shares were sold at an average price of C$78.18, for a total value of C$31,272.00.

IGM Financial Stock Performance

IGM Financial stock traded down C$0.16 during mid-day trading on Thursday, reaching C$77.42. 273,289 shares of the stock traded hands, compared to its average volume of 465,723. The stock has a market capitalization of C$18.00 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 4.09 and a beta of 1.03. The company has a debt-to-equity ratio of 81.91, a current ratio of 1.36 and a quick ratio of 0.31. The business’s 50-day moving average is C$77.54 and its 200-day moving average is C$69.36. IGM Financial Inc. has a 12-month low of C$42.13 and a 12-month high of C$84.41.

IGM Financial (TSE:IGM) last released its quarterly earnings results on Thursday, May 7th. The financial services provider reported C$1.20 earnings per share (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%. As a group, sell-side analysts predict that IGM Financial Inc. will post 4.006816 EPS for the current fiscal year.

IGM Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 31st will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Monday, June 29th. IGM Financial’s dividend payout ratio is 47.48%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on IGM shares. BMO Capital Markets upped their price target on IGM Financial from C$68.00 to C$72.00 in a research report on Wednesday, April 29th. Canadian Imperial Bank of Commerce lifted their price objective on IGM Financial from C$68.00 to C$76.00 in a research report on Wednesday, April 29th. Scotiabank boosted their price objective on IGM Financial from C$69.00 to C$76.00 in a research note on Tuesday, April 28th. TD increased their target price on shares of IGM Financial from C$80.00 to C$86.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Finally, National Bank Financial lifted their price target on shares of IGM Financial from C$82.00 to C$85.00 in a report on Wednesday, April 29th. Three investment 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, IGM Financial has a consensus rating of “Hold” and an average price target 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.