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

IGM Financial Inc. (TSE:IGM) insider Rhonda Goldberg sold 2,599 shares of the stock in a transaction on Friday, July 31st. The stock was sold at an average price of C$86.76, for a total transaction of C$225,489.24. Following the transaction, the insider directly 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 shares were sold at an average price of C$77.10, for a total transaction 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 transaction of C$249,912.40.

IGM Financial Price Performance

Shares of TSE IGM opened at C$90.93 on Wednesday. The firm has a market capitalization of C$20.99 billion, a P/E ratio of 18.41, a P/E/G ratio of 4.09 and a beta of 1.03. The firm’s 50-day moving average price is C$81.63 and its 200-day moving average price is C$73.60. The company has a current ratio of 1.28, a quick ratio of 0.31 and a debt-to-equity ratio of 82.59. IGM Financial Inc. has a 1-year low of C$45.50 and a 1-year high of C$92.01.

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

IGM Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 31st were issued a $0.62 dividend. The ex-dividend date was Monday, June 29th. This represents a $2.48 annualized dividend and a yield of 2.7%. IGM Financial’s dividend payout ratio is presently 47.87%.

IGM Financial News Summary

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

• Positive Sentiment: An analyst raised the price target for IGM Financial to C$89.00, indicating a more favorable near-term outlook for the wealth and asset-management company. The target increase provides a supportive signal, although it is below the stock’s recent trading level. IGM Financial Price Target Raised to C$89.00
• Neutral Sentiment: IGM Financial recently reported quarterly earnings of C$1.41 per share and revenue of approximately C$1.07 billion, with a 29.82% net margin and 12.91% return on equity. These results provide a fundamental backdrop for the stock’s strength, though no new operating results were reported in the latest disclosures.
• Negative Sentiment: Insider selling was reported on July 31. Rhonda Goldberg sold 2,599 shares for approximately C$225,489, reducing her direct ownership by 42.94%.
• Negative Sentiment: Director Philip Petursson made several sales totaling at least 2,704 shares, worth approximately C$235,816, at prices around C$87.17–C$87.24. The transactions substantially reduced his reported holdings, including one position that fell by 91.78%.

Analysts Set New Price Targets

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