Insider Selling: IGM Financial (TSE:IGM) Director Sells 2,000 Shares

IGM Financial Inc. (TSE:IGM) Director James Patrick O’sullivan sold 2,000 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of C$78.59, for a total transaction of C$157,180.00. Following the transaction, the director directly owned 76,848 shares of the company’s stock, valued at approximately C$6,039,484.32. This trade represents a 2.54% decrease in their ownership of the stock.

James Patrick O’sullivan also recently made the following trade(s):

• On Tuesday, June 23rd, James Patrick O’sullivan sold 1,500 shares of IGM Financial stock. The shares were sold at an average price of C$78.82, for a total value of C$118,230.00.
• On Tuesday, June 23rd, James Patrick O’sullivan sold 1,200 shares of IGM Financial stock. The stock was sold at an average price of C$78.37, for a total value of C$94,044.00.
• On Tuesday, June 23rd, James Patrick O’sullivan sold 800 shares of IGM Financial stock. The shares were sold at an average price of C$78.03, for a total value of C$62,424.00.
• On Tuesday, June 23rd, James Patrick O’sullivan sold 900 shares of IGM Financial stock. The shares were sold at an average price of C$77.87, for a total transaction of C$70,083.00.
• On Tuesday, June 23rd, James Patrick O’sullivan sold 1,100 shares of IGM Financial stock. The stock was sold at an average price of C$77.94, for a total transaction of C$85,734.00.
• On Tuesday, June 23rd, James Patrick O’sullivan sold 1,000 shares of IGM Financial stock. The stock was sold at an average price of C$77.95, for a total transaction of C$77,950.00.
• On Tuesday, June 23rd, James Patrick O’sullivan sold 1,300 shares of IGM Financial stock. The shares were sold at an average price of C$77.92, for a total value of C$101,296.00.
• On Wednesday, June 24th, James Patrick O’sullivan sold 550 shares of IGM Financial stock. The shares were sold at an average price of C$78.13, for a total value of C$42,971.50.
• On Wednesday, June 24th, James Patrick O’sullivan sold 1,400 shares of IGM Financial stock. The stock was sold at an average price of C$78.20, for a total value of C$109,480.00.
• On Wednesday, June 24th, James Patrick O’sullivan sold 400 shares of IGM Financial stock. The shares were sold at an average price of C$78.18, for a total value of C$31,272.00.

IGM Financial Stock Down 0.2%

Shares of TSE IGM traded down C$0.16 during mid-day trading on Thursday, hitting C$77.42. 273,289 shares of the stock traded hands, compared to its average volume of 465,723. The company has a market cap of C$18.00 billion, a price-to-earnings ratio of 15.93, a PEG ratio of 4.09 and a beta of 1.03. The stock has a fifty day moving average price of C$77.54 and a 200-day moving average price of C$69.36. IGM Financial Inc. has a 52 week low of C$42.13 and a 52 week high of C$84.41. 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 (TSE:IGM) last announced its earnings results on Thursday, May 7th. The financial services provider reported C$1.20 EPS for the quarter. The firm had revenue of C$1.00 million for the quarter. IGM Financial had a net margin of 29.97% and a return on equity of 13.19%. Research analysts anticipate that IGM Financial Inc. will post 4.006816 EPS for the current year.

IGM Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 31st will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Monday, June 29th. IGM Financial’s dividend payout ratio is 47.48%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on IGM. National Bank Financial raised their price objective on IGM Financial from C$82.00 to C$85.00 in a research report on Wednesday, April 29th. BMO Capital Markets increased their target price on IGM Financial from C$68.00 to C$72.00 in a research note on Wednesday, April 29th. TD raised their price target on IGM Financial from C$80.00 to C$86.00 and gave the company a “buy” rating in a report on Monday, May 11th. Canadian Imperial Bank of Commerce lifted their price target on IGM Financial from C$68.00 to C$76.00 in a research report on Wednesday, April 29th. Finally, Scotiabank upped their price target on shares of IGM Financial from C$69.00 to C$76.00 in a research note on Tuesday, April 28th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, IGM Financial has an average 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.