Insider Selling: IGM Financial Inc. (TSE:IGM) Director Sells 400 Shares of Stock

IGM Financial Inc. (TSE:IGM) Director Nancy Mccuaig sold 400 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of C$44.36, for a total value of C$17,744.00.

IGM Financial Stock Performance

Shares of IGM stock opened at C$44.90 on Thursday. The stock has a market capitalization of C$10.71 billion, a P/E ratio of 11.50, a PEG ratio of 4.09 and a beta of 1.53. The company has a current ratio of 3.61, a quick ratio of 0.31 and a debt-to-equity ratio of 97.24. The firm’s 50 day moving average is C$45.35 and its 200 day moving average is C$43.27. IGM Financial Inc. has a 12 month low of C$32.95 and a 12 month high of C$47.96.

Wall Street Analysts Forecast Growth

IGM has been the subject of several analyst reports. BMO Capital Markets raised their price objective on IGM Financial from C$47.00 to C$48.00 in a report on Monday, February 10th. Jefferies Financial Group raised their price objective on shares of IGM Financial from C$39.00 to C$45.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. TD Securities lifted their price target on shares of IGM Financial from C$51.00 to C$56.00 and gave the company a “buy” rating in a research report on Monday, February 10th. National Bankshares lifted their price target on shares of IGM Financial from C$47.00 to C$50.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, CIBC lifted their price objective on shares of IGM Financial from C$47.00 to C$50.00 in a research note on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, IGM Financial has an average rating of “Moderate Buy” and an average price target of C$50.29.

IGM Financial Company Profile

IGM Financial Inc operates as a wealth and asset management company in Canada. It operates through Wealth Management and Asset Management segments. The Wealth Management segment offers investments that are focused on providing financial planning and related services; and provides mutual fund management and discretionary portfolio management services.