Insider Selling: IGM Financial (TSE:IGM) Director Sells 897 Shares of Stock

IGM Financial Inc. (TSE:IGM) Director Kelly Hepher sold 897 shares of IGM Financial stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of C$80.27, for a total value of C$72,002.19.

Kelly Hepher also recently made the following trade(s):

• On Tuesday, June 2nd, Kelly Hepher sold 211 shares of IGM Financial stock. The shares were sold at an average price of C$80.27, for a total value of C$16,936.97.
• On Monday, May 11th, Kelly Hepher sold 1,300 shares of IGM Financial stock. The stock was sold at an average price of C$77.43, for a total value of C$100,659.00.
• On Monday, May 11th, Kelly Hepher sold 700 shares of IGM Financial stock. The shares were sold at an average price of C$77.39, for a total value of C$54,173.00.

IGM Financial Stock Up 2.6%

Shares of IGM stock traded up C$2.04 during trading hours on Thursday, reaching C$81.00. The company had a trading volume of 195,697 shares, compared to its average volume of 466,535. The company has a debt-to-equity ratio of 81.91, a quick ratio of 0.31 and a current ratio of 1.36. IGM Financial Inc. has a twelve month low of C$42.13 and a twelve month high of C$81.00. The company has a market capitalization of C$18.83 billion, a P/E ratio of 16.67, a price-to-earnings-growth ratio of 4.09 and a beta of 0.97. The stock’s fifty day simple moving average is C$73.41 and its 200 day simple moving average is C$66.84.

IGM Financial (TSE:IGM) last posted its earnings results on Thursday, May 7th. The financial services provider reported C$1.20 earnings per share (EPS) for the quarter. IGM Financial had a return on equity of 13.19% and a net margin of 29.97%.The business had revenue of C$1.00 million during the quarter. As a group, sell-side analysts expect 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 a number of recent analyst reports. TD Securities raised their price objective on 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. National Bank Financial boosted their price objective on IGM Financial from C$82.00 to C$85.00 in a research report on Wednesday, April 29th. TD boosted their price objective on IGM Financial from C$80.00 to C$86.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Canadian Imperial Bank of Commerce boosted their price objective on IGM Financial from C$68.00 to C$76.00 in a research report on Wednesday, April 29th. Finally, Scotiabank boosted their price objective on IGM Financial from C$69.00 to C$76.00 in a research report on Tuesday, April 28th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, IGM Financial currently has a consensus rating of “Hold” and a consensus 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.