IGM Financial (TSE:IGM) Director Damon Murchison Sells 7,300 Shares

IGM Financial Inc. (TSE:IGM) Director Damon Murchison sold 7,300 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of C$90.95, for a total value of C$663,935.00. Following the transaction, the director owned 2,835 shares in the company, valued at C$257,843.25. This trade represents a 72.03% decrease in their ownership of the stock.

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

• On Tuesday, August 4th, Damon Murchison sold 1,000 shares of IGM Financial stock. The shares were 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 stock was 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 stock was 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 shares were 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 shares were 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 stock was sold at an average price of C$90.98, for a total transaction of C$133,740.60.
• On Tuesday, August 4th, Damon Murchison sold 1,100 shares of IGM Financial stock. The shares were 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 stock was sold at an average price of C$91.06, for a total value of C$54,636.00.

IGM Financial Stock Performance

Shares of TSE IGM traded up C$0.13 during mid-day trading on Friday, hitting C$89.48. The company had a trading volume of 225,317 shares, compared to its average volume of 468,038. IGM Financial Inc. has a 12 month low of C$46.73 and a 12 month high of C$92.01. The stock has a market cap of C$20.66 billion, a price-to-earnings ratio of 18.11, a PEG ratio of 4.09 and a beta of 1.04. The company has a debt-to-equity ratio of 82.59, a current ratio of 1.28 and a quick ratio of 0.31. The firm’s 50 day simple moving average is C$82.09 and its two-hundred day simple moving average is C$73.92.

IGM Financial (TSE:IGM) last issued its quarterly earnings data 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 firm had revenue of C$1.07 million during the quarter. As a group, equities research analysts forecast that IGM Financial Inc. will post 4.006816 earnings per share for the current year.

IGM Financial Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on IGM. BMO Capital Markets lifted their price objective on shares of IGM Financial from C$72.00 to C$80.00 in a research report on Wednesday, July 15th. Royal Bank Of Canada raised their price target on shares of IGM Financial from C$80.00 to C$89.00 and gave the company a “sector perform” rating in a research note on Friday, July 31st. TD lifted their price target on IGM Financial from C$92.00 to C$94.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Scotiabank boosted their price objective on 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. Finally, National Bank Financial increased their price objective on IGM Financial from C$85.00 to C$91.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, IGM Financial has an average rating of “Hold” and an average target price of C$82.00.

IGM Financial News Roundup

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.

About IGM Financial

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.