Rhonda Goldberg Sells 2,599 Shares of IGM Financial (TSE:IGM) Stock

IGM Financial Inc. (TSE:IGM) insider Rhonda Goldberg sold 2,599 shares of the stock in a transaction on Friday, July 31st. The shares were sold at an average price of C$86.76, for a total value of C$225,489.24. Following the sale, the insider owned 3,453 shares in the company, valued at approximately C$299,582.28. This represents a 42.94% decrease in their ownership of the stock.

Rhonda Goldberg also recently made the following trade(s):

• On Monday, May 11th, Rhonda Goldberg sold 3,347 shares of IGM Financial stock. The stock was sold at an average price of C$77.10, for a total value of C$258,053.70.
• On Monday, May 11th, Rhonda Goldberg sold 3,284 shares of IGM Financial stock. The shares were sold at an average price of C$76.10, for a total value of C$249,912.40.

IGM Financial Price Performance

TSE IGM opened at C$89.20 on Thursday. IGM Financial Inc. has a one year low of C$45.97 and a one year high of C$92.01. The stock has a 50-day moving average of C$81.85 and a 200 day moving average of C$73.76. The company has a debt-to-equity ratio of 82.59, a quick ratio of 0.31 and a current ratio of 1.28. The company has a market capitalization of C$20.60 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 4.09 and a beta of 1.04.

IGM Financial (TSE:IGM) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported C$1.41 earnings per share (EPS) for the quarter. IGM Financial had a net margin of 29.82% and a return on equity of 12.91%. The firm had revenue of C$1.07 million for the quarter. On average, sell-side analysts forecast that IGM Financial Inc. will post 4.006816 EPS for the current year.

IGM Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 31st were paid a dividend of $0.62 per share. The ex-dividend date was Monday, June 29th. This represents a $2.48 dividend on an annualized basis and a yield of 2.8%. IGM Financial’s payout ratio is currently 47.87%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. National Bank Financial upped their price objective on IGM Financial from C$85.00 to C$91.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Canadian Imperial Bank of Commerce increased their price objective on shares of IGM Financial from C$79.00 to C$85.00 in a research note on Friday, July 10th. TD raised their price objective on shares of IGM Financial from C$92.00 to C$94.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. BMO Capital Markets upped their target price on shares of IGM Financial from C$72.00 to C$80.00 in a report on Wednesday, July 15th. Finally, Scotiabank increased their price target on shares of IGM Financial from C$84.00 to C$87.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$82.00.

Key IGM Financial News

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

• Positive Sentiment: Analysts have recently raised their targets, including TD Securities’ increase to C$94 with a “buy” rating and RBC’s increase to C$89 with a “sector perform” rating. These revisions suggest improving expectations for IGM Financial’s wealth- and asset-management businesses. IGM Financial Price Target Raised
• Positive Sentiment: IGM Financial continues to offer a quarterly dividend of C$0.62, or C$2.48 annualized, representing a yield of approximately 2.7%. The payout ratio is about 47.9%, supporting the stock’s income appeal. IGM Financial Dividend and Insider Trading Data
• Neutral Sentiment: The company’s latest quarter produced C$1.41 in EPS, a 29.82% net margin and a 12.91% return on equity. These results provide a solid fundamental backdrop, but no new earnings information was included in the latest reports.
• Negative Sentiment: Insider Rhonda Goldberg sold 2,599 shares for approximately C$225,489 at an average price of C$86.76, reducing her reported ownership by 42.94%. Rhonda Goldberg Sells IGM Financial Shares
• Negative Sentiment: Director Philip Petursson reported multiple sales totaling 2,704 shares worth approximately C$235,816 at prices between C$87.17 and C$87.24. The transactions substantially reduced his reported holdings, including one position that declined by 91.78%, creating a near-term overhang for the stock.
• Negative Sentiment: IGM Financial is trading near its 52-week high, while the reported analyst consensus target of C$82 is below recent market levels. That valuation gap could limit upside and make insider selling more influential in investor decision-making.

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.