Insider Selling: IGM Financial (TSE:IGM) Director Sells 1,400 Shares of Stock

IGM Financial Inc. (TSE:IGM) Director Damon Murchison sold 1,400 shares of IGM Financial stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of C$89.65, for a total transaction of C$125,510.00. Following the completion of the transaction, the director owned 11,735 shares of the company’s stock, valued at C$1,052,042.75. This represents a 10.66% decrease in their position.

Damon Murchison also recently made the following trade(s):

• On Tuesday, August 4th, Damon Murchison sold 1,000 shares of IGM Financial stock. The stock was sold at an average price of C$91.31, for a total transaction of C$91,310.00.
• On Tuesday, August 4th, Damon Murchison sold 5,000 shares of IGM Financial stock. The shares were sold at an average price of C$91.37, for a total transaction of C$456,850.00.
• On Tuesday, August 4th, Damon Murchison sold 25 shares of IGM Financial stock. The shares were sold at an average price of C$90.60, for a total transaction of C$2,265.00.
• On Tuesday, August 4th, Damon Murchison sold 1,300 shares of IGM Financial stock. The stock was sold at an average price of C$90.44, for a total transaction of C$117,572.00.
• On Tuesday, August 4th, Damon Murchison sold 500 shares of IGM Financial stock. The stock was sold at an average price of C$90.66, for a total transaction of C$45,330.00.
• On Tuesday, August 4th, Damon Murchison sold 700 shares of IGM Financial stock. The stock was sold at an average price of C$90.81, for a total transaction of C$63,567.00.
• On Tuesday, August 4th, Damon Murchison sold 1,470 shares of IGM Financial stock. The shares were sold at an average price of C$90.98, for a total value of C$133,740.60.
• On Tuesday, August 4th, Damon Murchison sold 1,100 shares of IGM Financial stock. The stock was sold at an average price of C$90.92, for a total value of C$100,012.00.
• On Tuesday, August 4th, Damon Murchison sold 100 shares of IGM Financial stock. The shares were sold at an average price of C$91.09, for a total value of C$9,109.00.
• On Tuesday, August 4th, Damon Murchison sold 600 shares of IGM Financial stock. The shares were sold at an average price of C$91.06, for a total transaction of C$54,636.00.

IGM Financial Stock Up 0.1%

IGM stock traded up C$0.13 during midday trading on Friday, reaching C$89.48. 225,317 shares of the company were exchanged, compared to its average volume of 468,038. The company has a market cap of C$20.66 billion, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 4.09 and a beta of 1.04. The company has a debt-to-equity ratio of 82.59, a quick ratio of 0.31 and a current ratio of 1.28. IGM Financial Inc. has a 1-year low of C$46.73 and a 1-year high of C$92.01. The stock’s 50-day simple moving average is C$82.09 and its 200 day simple moving average is C$73.92.

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

IGM Financial Announces Dividend

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

More IGM Financial News

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

• Neutral Sentiment: IGM Financial announced its July 2026 assets under management and advisement and net flows. The update may provide insight into client asset growth, investment performance and demand for the company’s wealth-management services, but the supplied report does not include the underlying figures. IGM Financial Inc. Announces July 2026 Assets Under Management & Advisement and Net Flows
• Negative Sentiment: Director Damon Murchison disclosed numerous sales of IGM Financial shares on August 4 and August 6. In aggregate, the reported transactions involved approximately 29,395 shares worth about C$2.67 million, substantially reducing his holdings in several accounts. Insider selling is not necessarily a sign of deteriorating fundamentals, since it may reflect personal liquidity or portfolio management, but the volume and repeated disclosures can create a near-term overhang for the stock.

Analyst Ratings Changes

A number of analysts have recently commented on IGM shares. Royal Bank Of Canada lifted their target price on IGM Financial from C$80.00 to C$89.00 and gave the stock a “sector perform” rating in a research report on Friday, July 31st. Scotiabank raised their price target on IGM Financial from C$84.00 to C$87.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. TD lifted their price target on IGM Financial from C$92.00 to C$94.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. BMO Capital Markets raised their target price on shares of IGM Financial from C$72.00 to C$80.00 in a research report on Wednesday, July 15th. Finally, Canadian Imperial Bank of Commerce lifted their target price on shares of IGM Financial from C$79.00 to C$85.00 in a report on Friday, July 10th. 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 MarketBeat.com, IGM Financial currently has a consensus rating of “Hold” and a consensus price target of C$82.00.

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.