Insider Buying: AGF Management Limited (TSE:AGF.B) Insider Acquires 1,900 Shares of Stock

AGF Management Limited (TSE:AGF.B) insider AGF EMPLOYEE BENEFIT PLAN TRUST bought 1,900 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was acquired at an average cost of C$11.52 per share, for a total transaction of C$21,888.00.

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

• On Thursday, February 27th, AGF EMPLOYEE BENEFIT PLAN TRUST purchased 22,500 shares of AGF Management stock. The shares were purchased at an average price of C$11.89 per share, with a total value of C$267,525.00.
• On Tuesday, February 25th, AGF EMPLOYEE BENEFIT PLAN TRUST purchased 23,200 shares of AGF Management stock. The shares were purchased at an average price of C$11.56 per share, with a total value of C$268,192.00.
• On Thursday, February 20th, AGF EMPLOYEE BENEFIT PLAN TRUST purchased 21,100 shares of AGF Management stock. The shares were purchased at an average price of C$11.57 per share, with a total value of C$244,127.00.
• On Tuesday, February 18th, AGF EMPLOYEE BENEFIT PLAN TRUST purchased 21,000 shares of AGF Management stock. The shares were purchased at an average price 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 Stock Performance

TSE:AGF.B opened at C$11.18 on Tuesday. The company has a fifty day simple moving average of C$10.92 and a two-hundred day simple moving average of C$10.19. The company has a market cap of C$713.95 million, a price-to-earnings ratio of 8.73, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27. AGF Management Limited has a 52 week low of C$7.37 and a 52 week high of C$11.95.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. BMO Capital Markets raised 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 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 report on Thursday, January 30th. 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 report on Wednesday, January 8th. Finally, 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 report on Thursday, January 16th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, AGF Management presently has a consensus rating of “Moderate Buy” and a consensus target price of C$12.46.

About AGF Management

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.