Insider Selling: IGM Financial (TSE:IGM) Director Sells C$78,864.96 in Stock

IGM Financial Inc. (TSE:IGM) Director Philip Petursson sold 904 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of C$87.24, for a total transaction of C$78,864.96. Following the completion of the transaction, the director directly owned 81 shares of the company’s stock, valued at approximately C$7,066.44. This represents a 91.78% decrease in their position.

Philip Petursson also recently made the following trade(s):

• On Friday, July 31st, Philip Petursson sold 119 shares of IGM Financial stock. The stock was sold at an average price of C$87.23, for a total transaction of C$10,380.37.
• On Friday, July 31st, Philip Petursson sold 900 shares of IGM Financial stock. The stock was sold at an average price of C$87.20, for a total transaction of C$78,480.00.
• On Friday, July 31st, Philip Petursson sold 600 shares of IGM Financial stock. The shares were sold at an average price of C$87.18, for a total value of C$52,308.00.
• On Friday, July 31st, Philip Petursson sold 100 shares of IGM Financial stock. The stock was sold at an average price of C$87.17, for a total value of C$8,717.00.
• On Friday, July 31st, Philip Petursson sold 81 shares of IGM Financial stock. The stock was sold at an average price of C$87.23, for a total value of C$7,065.63.

IGM Financial Trading Up 3.7%

Shares of TSE:IGM traded up C$3.25 during midday trading on Tuesday, reaching C$90.41. The company’s stock had a trading volume of 407,517 shares, compared to its average volume of 467,131. The firm has a market cap of C$20.87 billion, a price-to-earnings ratio of 18.30, a price-to-earnings-growth ratio of 4.09 and a beta of 1.03. The business has a 50 day moving average price of C$81.39 and a 200 day moving average price of C$73.41. IGM Financial Inc. has a 1 year low of C$45.50 and a 1 year high of C$92.01. The company has a quick ratio of 0.31, a current ratio of 1.28 and a debt-to-equity ratio of 82.59.

IGM Financial (TSE:IGM) last released its earnings results on Wednesday, July 29th. The financial services provider reported C$1.41 earnings per share for the quarter. IGM Financial had a return on equity of 12.91% and a net margin of 29.82%.The firm had revenue of C$1.07 million for the quarter. Research analysts forecast that IGM Financial Inc. will post 4.006816 EPS for the current year.

IGM Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 31st were paid a dividend of $0.62 per share. The ex-dividend date of this dividend was Monday, June 29th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.7%. IGM Financial’s dividend payout ratio is currently 47.87%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on IGM. Scotiabank boosted their target price on shares of IGM Financial from C$84.00 to C$87.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. National Bank Financial lifted their price target on shares of IGM Financial from C$85.00 to C$91.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Royal Bank Of Canada upped their price objective on IGM Financial from C$80.00 to C$89.00 and gave the stock a “sector perform” rating in a report on Friday. Canadian Imperial Bank of Commerce lifted their target price on IGM Financial from C$79.00 to C$85.00 in a report on Friday, July 10th. Finally, BMO Capital Markets boosted their price target on IGM Financial from C$72.00 to C$80.00 in a research report on Wednesday, July 15th. Three equities research 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, the stock currently has an average rating of “Hold” and an average price target of C$82.00.

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.