Insider Buying: AGF Management Limited (TSE:AGF.B) Insider Buys 22,500 Shares of Stock

AGF Management Limited (TSE:AGF.B) insider AGF EMPLOYEE BENEFIT PLAN TRUST purchased 22,500 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were purchased at an average price of C$11.89 per share, for a total transaction of C$267,525.00.

AGF EMPLOYEE BENEFIT PLAN TRUST also recently made the following trade(s):

• On Tuesday, February 25th, AGF EMPLOYEE BENEFIT PLAN TRUST acquired 23,200 shares of AGF Management stock. The stock was purchased at an average cost of C$11.56 per share, with a total value of C$268,192.00.
• On Thursday, February 20th, AGF EMPLOYEE BENEFIT PLAN TRUST bought 21,100 shares of AGF Management stock. The shares were purchased at an average cost of C$11.57 per share, for a total transaction of C$244,127.00.
• On Tuesday, February 18th, AGF EMPLOYEE BENEFIT PLAN TRUST bought 21,000 shares of AGF Management stock. The stock was purchased at an average cost of C$11.06 per share, with a total value of C$232,260.00.
• On Wednesday, December 4th, AGF EMPLOYEE BENEFIT PLAN TRUST sold 442,751 shares of AGF Management stock. The stock was sold at an average price of C$11.17, for a total transaction of C$4,945,528.67.

AGF Management Trading Down 1.0 %

Shares of AGF Management stock opened at C$11.70 on Friday. The company’s fifty day moving average is C$10.88 and its two-hundred day moving average is C$10.14. AGF Management Limited has a 1 year low of C$7.37 and a 1 year high of C$11.95. The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19. The company has a market capitalization of C$747.16 million, a P/E ratio of 9.14, a PEG ratio of 1.18 and a beta of 1.73.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group upped their target price on shares of AGF Management from C$11.00 to C$12.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. BMO Capital Markets boosted their price target on shares of AGF Management from C$10.00 to C$11.00 in a report on Wednesday, January 8th. TD Securities increased their price target on shares of AGF Management from C$12.00 to C$13.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, Desjardins boosted their target price on AGF Management from C$12.50 to C$13.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$12.46.

AGF Management Company Profile

AGF Management Limited is one of Canada's premier investment management companies with offices across Canada and subsidiaries around the world. 2007 marks AGF's 50th anniversary ofproviding Canadians with innovative investment solutions across the wealth continuum. AGF's products and services include a diversified family of more than 50 mutual funds, the evolutionary AGF Elements portfolios, the Harmony asset management program, AGF Private Investment Management, Institutional Account Services and AGF Trust GICs, loans and mortgages.