Insider Buying: AGF Management Limited (TSE:AGF.B) Insider Acquires 21,100 Shares of Stock

AGF Management Limited (TSE:AGF.B) insider AGF EMPLOYEE BENEFIT PLAN TRUST acquired 21,100 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was purchased at an average cost of C$11.57 per share, with a total value of C$244,127.00.

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

• On Tuesday, February 18th, AGF EMPLOYEE BENEFIT PLAN TRUST acquired 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 shares were sold at an average price of C$11.17, for a total value of C$4,945,528.67.

AGF Management Trading Down 3.1 %

AGF Management stock traded down C$0.37 during midday trading on Friday, reaching C$11.39. The stock had a trading volume of 91,430 shares, compared to its average volume of 63,451. AGF Management Limited has a twelve month low of C$7.37 and a twelve month high of C$11.84. The stock has a market capitalization of C$727.37 million, a PE ratio of 8.90, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. 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 stock’s 50-day simple moving average is C$10.80 and its 200 day simple moving average is C$10.01.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AGF.B. Desjardins increased 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. Jefferies Financial Group increased their target price on AGF Management from C$11.00 to C$12.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. BMO Capital Markets increased their target price on AGF Management from C$10.00 to C$11.00 in a report on Wednesday, January 8th. Finally, TD Securities increased their target price on AGF Management from C$12.00 to C$13.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, AGF Management 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.