Insider Selling: IGM Financial (TSE:IGM) Director Sells 1,600 Shares of Stock

Posted by Francis Steltz on Jun 12th, 2026

IGM Financial Inc. (TSE:IGM – Get Free Report) Director Douglas Milne sold 1,600 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of C$80.61, for a total value of C$128,976.00. Following the completion of the sale, the director directly owned 800 shares in the company, valued at C$64,488. The trade was a 66.67% decrease in their ownership of the stock.

Douglas Milne also recently made the following trade(s):

On Tuesday, June 9th, Douglas Milne sold 500 shares of IGM Financial stock. The stock was sold at an average price of C$80.69, for a total value of C$40,345.00.
On Tuesday, June 9th, Douglas Milne sold 700 shares of IGM Financial stock. The shares were sold at an average price of C$80.65, for a total transaction of C$56,455.00.
On Tuesday, June 9th, Douglas Milne sold 380 shares of IGM Financial stock. The shares were sold at an average price of C$80.55, for a total transaction of C$30,609.00.
On Tuesday, June 9th, Douglas Milne sold 400 shares of IGM Financial stock. The shares were sold at an average price of C$80.59, for a total transaction of C$32,236.00.
On Tuesday, June 9th, Douglas Milne sold 800 shares of IGM Financial stock. The shares were sold at an average price of C$80.69, for a total transaction of C$64,552.00.
On Tuesday, June 9th, Douglas Milne sold 112 shares of IGM Financial stock. The shares were sold at an average price of C$80.31, for a total transaction of C$8,994.72.
On Tuesday, June 9th, Douglas Milne sold 100 shares of IGM Financial stock. The shares were sold at an average price of C$80.43, for a total value of C$8,043.00.
On Tuesday, June 9th, Douglas Milne sold 1,100 shares of IGM Financial stock. The shares were sold at an average price of C$80.49, for a total value of C$88,539.00.
On Tuesday, June 9th, Douglas Milne sold 320 shares of IGM Financial stock. The shares were sold at an average price of C$80.55, for a total value of C$25,776.00.
On Tuesday, June 9th, Douglas Milne sold 1,400 shares of IGM Financial stock. The shares were sold at an average price of C$80.54, for a total value of C$112,756.00.

IGM Financial Stock Up 0.7%

IGM Financial stock traded up C$0.58 during trading hours on Friday, hitting C$80.87. 215,484 shares of the stock traded hands, compared to its average volume of 461,615. The firm’s 50-day moving average price is C$75.32 and its two-hundred day moving average price is C$67.89. The company has a current ratio of 1.36, a quick ratio of 0.31 and a debt-to-equity ratio of 81.91. The company has a market cap of C$18.80 billion, a PE ratio of 16.64, a PEG ratio of 4.09 and a beta of 1.03. IGM Financial Inc. has a one year low of C$42.13 and a one year high of C$82.26.

IGM Financial (TSE:IGM – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The financial services provider reported C$1.20 earnings per share for the quarter. The business had revenue of C$1.00 million for the quarter. IGM Financial had a return on equity of 13.19% and a net margin of 29.97%. On average, research analysts forecast that IGM Financial Inc. will post 4.006816 EPS for the current year.

Key IGM Financial News

Here are the key news stories impacting IGM Financial this week:

Positive Sentiment: IGM Financial remains close to its 52-week high, suggesting investors are still optimistic about the company’s valuation and recent momentum.
Neutral Sentiment: Shares have been trading well above the 50-day and 200-day moving averages, indicating strong longer-term price trend support.
Negative Sentiment: Director Douglas Milne disclosed multiple share sales on June 9 at around C$80.29 to C$80.69, with several transactions totaling well over C$1 million and reducing his ownership in a noticeable way. Article Title

Analysts Set New Price Targets

IGM has been the topic of several research analyst reports. Scotiabank upped their target price on shares of IGM Financial from C$69.00 to C$76.00 in a research note on Tuesday, April 28th. BMO Capital Markets raised their price target on IGM Financial from C$68.00 to C$72.00 in a report on Wednesday, April 29th. TD Securities lifted their price objective on shares of IGM Financial from C$73.00 to C$76.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. TD lifted their price objective on shares of 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. Finally, Canadian Imperial Bank of Commerce lifted their target price on IGM Financial from C$68.00 to C$76.00 in a report on Wednesday, April 29th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$73.75.

View Our Latest Analysis on IGM Financial

IGM Financial Company Profile

(Get Free Report)

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.