Insider Buying: AGF Management Limited (TSE:AGF.B) Insider Purchases C$267,525.00 in Stock

AGF Management Limited (TSE:AGF.B) insider AGF EMPLOYEE BENEFIT PLAN TRUST purchased 22,500 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was purchased at an average cost of C$11.89 per share, with a total value of C$267,525.00.

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

• On Tuesday, February 25th, AGF EMPLOYEE BENEFIT PLAN TRUST bought 23,200 shares of AGF Management stock. The stock was 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 acquired at an average price of C$11.57 per share, for a total transaction of C$244,127.00.
• On Tuesday, February 18th, AGF EMPLOYEE BENEFIT PLAN TRUST acquired 21,000 shares of AGF Management stock. The stock was acquired 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 shares were sold at an average price of C$11.17, for a total transaction of C$4,945,528.67.

AGF Management Trading Up 1.8 %

AGF.B stock opened at C$11.91 on Friday. The business has a fifty day moving average price of C$10.91 and a 200 day moving average price of C$10.15. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75. AGF Management Limited has a fifty-two week low of C$7.37 and a fifty-two week high of C$11.95. The stock has a market capitalization of C$760.57 million, a price-to-earnings ratio of 9.30, a P/E/G ratio of 1.18 and a beta of 1.73.

Analysts Set New Price Targets

AGF.B has been the subject of a number of analyst reports. Desjardins raised their price target 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. Jefferies Financial Group boosted their price target on AGF Management from C$11.00 to C$12.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. BMO Capital Markets upped their price target on AGF Management from C$10.00 to C$11.00 in a research report on Wednesday, January 8th. Finally, TD Securities lifted their price objective 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, AGF Management presently has a consensus rating of “Moderate Buy” and an average 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.