Insider Selling: IGM Financial (TSE:IGM) Director Sells C$109,480.00 in Stock

IGM Financial Inc. (TSE:IGM) Director James Patrick O’sullivan sold 1,400 shares of the company’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of C$78.20, for a total value of C$109,480.00. Following the completion of the sale, the director directly owned 98,748 shares of the company’s stock, valued at C$7,722,093.60. The trade was a 1.40% decrease in their position.

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 2,000 shares of IGM Financial stock. The shares were sold at an average price of C$78.59, for a total value of C$157,180.00.
• 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 stock was 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 shares were 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 transaction 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 transaction of C$42,971.50.
• 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 transaction of C$31,272.00.

IGM Financial Stock Down 0.2%

IGM Financial stock traded down C$0.16 during midday trading on Thursday, hitting C$77.42. 273,289 shares of the stock were exchanged, compared to its average volume of 465,723. IGM Financial Inc. has a 1 year low of C$42.13 and a 1 year high of C$84.41. The company has a debt-to-equity ratio of 81.91, a current ratio of 1.36 and a quick ratio of 0.31. The firm has a market cap of C$18.00 billion, a P/E ratio of 15.93, a P/E/G ratio of 4.09 and a beta of 1.03. The company has a 50 day moving average price of C$77.54 and a two-hundred day moving average price of C$69.36.

IGM Financial (TSE:IGM) last announced its earnings results on Thursday, May 7th. The financial services provider reported C$1.20 earnings per share for the quarter. The company had revenue of C$1.00 million during the quarter. IGM Financial had a return on equity of 13.19% and a net margin of 29.97%. On average, sell-side analysts predict that IGM Financial Inc. will post 4.006816 earnings per share for the current fiscal year.

IGM Financial Announces Dividend

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 paid a dividend of $0.62 per share. 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 (DPR) is 47.48%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on IGM. Canadian Imperial Bank of Commerce lifted their price objective on IGM Financial from C$68.00 to C$76.00 in a report on Wednesday, April 29th. National Bank Financial raised their price target on shares of IGM Financial from C$82.00 to C$85.00 in a research report on Wednesday, April 29th. Scotiabank lifted their price target on shares of IGM Financial from C$69.00 to C$76.00 in a research note on Tuesday, April 28th. BMO Capital Markets upped their price target on shares of IGM Financial from C$68.00 to C$72.00 in a report on Wednesday, April 29th. Finally, TD increased 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 note on Monday, May 11th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$73.75.

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.