Douglas Milne Sells 6,620 Shares of IGM Financial (TSE:IGM) 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 directly owned 1,036 shares in the company, valued at approximately C$79,751.28. This trade represents a 86.47% decrease in their ownership of the stock.

IGM Financial Stock Down 2.2%

IGM stock opened at C$76.79 on Friday. The stock’s 50 day simple moving average is C$70.72 and its 200 day simple moving average is C$65.36. IGM Financial Inc. has a fifty-two week low of C$42.13 and a fifty-two week high of C$79.00. The company has a debt-to-equity ratio of 81.91, a quick ratio of 0.31 and a current ratio of 1.36. The company has a market cap of C$17.85 billion, a P/E ratio of 15.80, a price-to-earnings-growth ratio of 4.09 and a beta of 0.97.

IGM Financial (TSE:IGM) last posted its quarterly earnings results on Thursday, May 7th. The financial services provider reported C$1.20 earnings per share 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 for the quarter. On average, research analysts expect that IGM Financial Inc. will post 4.006816 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on IGM. TD upped their price target on IGM Financial from C$80.00 to C$86.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Canadian Imperial Bank of Commerce upped their price target on IGM Financial from C$68.00 to C$76.00 in a research note on Wednesday, April 29th. National Bank Financial upped their price target on IGM Financial from C$82.00 to C$85.00 in a research note on Wednesday, April 29th. TD Securities upped their price target on IGM Financial from C$73.00 to C$76.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Finally, Royal Bank Of Canada boosted their price objective on IGM Financial from C$51.00 to C$65.00 and gave the stock a “sector perform” rating in a report on Monday, January 26th. 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 data from MarketBeat, IGM Financial has a consensus rating of “Hold” and an average 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.