IGM Financial Inc. (TSE:IGM – Get Free Report) Director J. Luke Gould sold 11,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of C$78.40, for a total transaction of C$862,400.00. Following the completion of the transaction, the director owned 8,850 shares in the company, valued at C$693,840. The trade was a 55.42% decrease in their position.
J. Luke Gould also recently made the following trade(s):
- On Tuesday, May 26th, J. Luke Gould sold 700 shares of IGM Financial stock. The shares were sold at an average price of C$78.84, for a total transaction of C$55,188.00.
- On Tuesday, May 26th, J. Luke Gould sold 708 shares of IGM Financial stock. The stock was sold at an average price of C$78.73, for a total transaction of C$55,740.84.
- On Tuesday, May 26th, J. Luke Gould sold 6,730 shares of IGM Financial stock. The stock was sold at an average price of C$78.44, for a total transaction of C$527,901.20.
- On Tuesday, May 26th, J. Luke Gould sold 300 shares of IGM Financial stock. The shares were sold at an average price of C$78.47, for a total transaction of C$23,541.00.
- On Tuesday, May 26th, J. Luke Gould sold 2,900 shares of IGM Financial stock. The shares were sold at an average price of C$78.39, for a total transaction of C$227,331.00.
- On Tuesday, May 26th, J. Luke Gould sold 600 shares of IGM Financial stock. The shares were sold at an average price of C$78.41, for a total transaction of C$47,046.00.
- On Tuesday, May 26th, J. Luke Gould sold 2,500 shares of IGM Financial stock. The stock was sold at an average price of C$78.42, for a total transaction of C$196,050.00.
- On Tuesday, May 26th, J. Luke Gould sold 1,500 shares of IGM Financial stock. The shares were sold at an average price of C$78.43, for a total transaction of C$117,645.00.
- On Tuesday, May 26th, J. Luke Gould sold 400 shares of IGM Financial stock. The stock was sold at an average price of C$78.46, for a total transaction of C$31,384.00.
- On Tuesday, May 26th, J. Luke Gould sold 1,400 shares of IGM Financial stock. The shares were sold at an average price of C$78.50, for a total transaction of C$109,900.00.
IGM Financial Price Performance
IGM traded down C$0.21 during midday trading on Thursday, hitting C$77.79. 225,687 shares of the company traded hands, compared to its average volume of 464,183. IGM Financial Inc. has a 52-week low of C$42.13 and a 52-week high of C$79.51. The company has a market capitalization of C$18.08 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 4.09 and a beta of 0.97. The business has a 50 day simple moving average of C$71.85 and a two-hundred day simple moving average of C$66.03. The company has a current ratio of 1.36, a quick ratio of 0.31 and a debt-to-equity ratio of 81.91.
Key IGM Financial News
Here are the key news stories impacting IGM Financial this week:
- Negative Sentiment: Director J. Luke Gould sold a large block of IGM shares across multiple transactions, including 11,000 shares and 6,730 shares, cutting his position materially. IGM Financial insider transaction details
- Neutral Sentiment: The shares were sold near the stock’s recent trading range, around C$78.4-C$79.0, which may suggest routine portfolio trimming rather than a dramatic change in fundamentals. IGM Financial insider transaction details
- Neutral Sentiment: Despite the insider sales, IGM Financial remains near its 52-week high and above both its 50-day and 200-day moving averages, indicating the broader trend has still been strong. IGM Financial price performance
Analysts Set New Price Targets
Several analysts have recently weighed in on IGM shares. TD Securities boosted their price objective on shares of IGM Financial from C$73.00 to C$76.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. BMO Capital Markets lifted their price objective on shares of IGM Financial from C$68.00 to C$72.00 in a research note on Wednesday, April 29th. TD boosted their price target on shares of 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 boosted their price target on shares of IGM Financial from C$68.00 to C$76.00 in a research report on Wednesday, April 29th. Finally, Scotiabank upped their price objective 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, the company has a consensus rating of “Hold” and a consensus target price of C$73.75.
Check Out Our Latest Report on IGM
IGM Financial Company Profile
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.
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