Insider Buying: AGF Management Limited (TSE:AGF.B) Insider Purchases C$21,888.00 in Stock

AGF Management Limited (TSE:AGF.B) insider AGF EMPLOYEE BENEFIT PLAN TRUST purchased 1,900 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were 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 acquired at an average cost of C$11.89 per share, for a total transaction 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 acquired at an average cost of C$11.56 per share, for a total transaction 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 acquired 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, 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 Stock Performance

TSE:AGF.B opened at C$11.00 on Thursday. The stock has a market cap of C$702.46 million, a P/E ratio of 8.59, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. The firm’s fifty day simple moving average is C$10.92 and its 200 day simple moving average is C$10.22. AGF Management Limited has a twelve month low of C$7.37 and a twelve month high of C$11.95. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27.

Analyst Ratings Changes

Several research analysts recently commented on AGF.B shares. BMO Capital Markets lifted their target price on shares of AGF Management from C$10.00 to C$11.00 in a research note 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 stock a “buy” rating in a research note 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 stock a “buy” rating in a research note 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 stock a “buy” rating in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus 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.