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 purchased 21,100 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was bought at an average price of C$11.57 per share, for a total transaction 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 purchased 21,000 shares of AGF Management stock. The stock was bought at an average price of C$11.06 per share, for a total transaction 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 3.1 %

Shares of AGF.B stock opened at C$11.40 on Monday. AGF Management Limited has a 12-month low of C$7.37 and a 12-month high of C$11.84. The company has a market capitalization of C$728.00 million, a P/E ratio of 8.91, a P/E/G ratio of 1.18 and a beta of 1.73. The firm has a 50-day moving average price of C$10.81 and a 200 day moving average price of C$10.03. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27.

Wall Street Analyst Weigh In

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