IGM Financial (TSE:IGM) Insider Sells C$225,489.24 in Stock

IGM Financial Inc. (TSE:IGM) insider Rhonda Goldberg sold 2,599 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of C$86.76, for a total value of C$225,489.24. Following the sale, the insider owned 3,453 shares of the company’s stock, valued at approximately C$299,582.28. This trade represents a 42.94% decrease in their position.

Rhonda Goldberg also recently made the following trade(s):

• On Monday, May 11th, Rhonda Goldberg sold 3,347 shares of IGM Financial stock. The shares were sold at an average price of C$77.10, for a total value of C$258,053.70.
• On Monday, May 11th, Rhonda Goldberg sold 3,284 shares of IGM Financial stock. The shares were sold at an average price of C$76.10, for a total value of C$249,912.40.

IGM Financial Stock Up 0.2%

IGM opened at C$89.35 on Friday. The business has a 50 day moving average price of C$82.09 and a 200 day moving average price of C$73.92. IGM Financial Inc. has a twelve month low of C$46.11 and a twelve month high of C$92.01. The company has a debt-to-equity ratio of 82.59, a quick ratio of 0.31 and a current ratio of 1.28. The firm has a market cap of C$20.63 billion, a P/E ratio of 18.09, a price-to-earnings-growth ratio of 4.09 and a beta of 1.04.

IGM Financial (TSE:IGM) last announced its earnings results on Wednesday, July 29th. The financial services provider reported C$1.41 earnings per share (EPS) 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 during the quarter. Research analysts forecast that IGM Financial Inc. will post 4.006816 EPS for the current year.

IGM Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 31st were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, June 29th. IGM Financial’s dividend payout ratio is currently 47.87%.

Analyst Ratings Changes

Several research analysts recently commented on IGM shares. Scotiabank lifted their target price on shares of IGM Financial from C$84.00 to C$87.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. Royal Bank Of Canada upped their price target on shares of IGM Financial from C$80.00 to C$89.00 and gave the company a “sector perform” rating in a report on Friday, July 31st. BMO Capital Markets raised their price target on IGM Financial from C$72.00 to C$80.00 in a research report on Wednesday, July 15th. TD lifted their price objective on IGM Financial from C$92.00 to C$94.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, National Bank Financial boosted their price objective on IGM Financial from C$85.00 to C$91.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, IGM Financial currently has a consensus 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.