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 AGF Management stock in a transaction that occurred on Thursday, February 20th. The shares were bought 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 bought 21,000 shares of AGF Management stock. The shares were 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 shares were sold at an average price of C$11.17, for a total value of C$4,945,528.67.

AGF Management Price Performance

TSE AGF.B opened at C$11.40 on Friday. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75. The stock’s fifty day moving average price is C$10.81 and its 200 day moving average price is C$10.02. AGF Management Limited has a 1 year low of C$7.37 and a 1 year high of C$11.84. The company has a market cap of C$728.00 million, a price-to-earnings ratio of 8.91, a PEG ratio of 1.18 and a beta of 1.73.

Wall Street Analyst Weigh In

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