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

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

IGM Financial Stock Performance

IGM stock opened at C$78.52 on Thursday. The stock has a market capitalization of C$18.25 billion, a PE ratio of 16.16, a price-to-earnings-growth ratio of 4.09 and a beta of 0.97. IGM Financial Inc. has a 12-month low of C$42.13 and a 12-month high of C$78.91. 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 stock’s 50 day simple moving average is C$70.49 and its 200 day simple moving average is C$65.20.

IGM Financial (TSE:IGM) last posted its quarterly earnings data on Thursday, May 7th. The financial services provider reported C$1.20 EPS for the quarter. IGM Financial had a return on equity of 13.19% and a net margin of 29.97%.The firm had revenue of C$1.00 million during the quarter. As a group, research analysts forecast that IGM Financial Inc. will post 4.006816 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

IGM has been the subject of several analyst reports. Canadian Imperial Bank of Commerce raised their price objective on shares of IGM Financial from C$68.00 to C$76.00 in a research note on Wednesday, April 29th. Royal Bank Of Canada raised 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. BMO Capital Markets lifted their price target on shares of IGM Financial from C$68.00 to C$72.00 in a research note on Wednesday, April 29th. National Bank Financial lifted their price target on shares of IGM Financial from C$82.00 to C$85.00 in a research note on Wednesday, April 29th. Finally, TD Securities lifted their price target on shares of IGM Financial from C$73.00 to C$76.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, IGM Financial presently has a consensus rating of “Hold” and a consensus price target 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.