Insider Buying: AGF Management Limited (TSE:AGF.B) Insider Acquires 22,500 Shares of Stock

AGF Management Limited (TSE:AGF.B - Get Free Report) insider AGF EMPLOYEE BENEFIT PLAN TRUST bought 22,500 shares of the business's stock in a transaction on Thursday, February 27th. The shares were acquired at an average price of C$11.89 per share, for a total transaction of C$267,525.00.

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

• On Monday, March 3rd, AGF EMPLOYEE BENEFIT PLAN TRUST bought 1,900 shares of AGF Management stock. The shares were acquired at an average price of C$11.52 per share, with a total value of C$21,888.00.
• On Tuesday, February 25th, AGF EMPLOYEE BENEFIT PLAN TRUST purchased 23,200 shares of AGF Management stock. The stock was bought at an average price of C$11.56 per share, for a total transaction of C$268,192.00.
• On Thursday, February 20th, AGF EMPLOYEE BENEFIT PLAN TRUST acquired 21,100 shares of AGF Management stock. The stock was bought 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 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 Stock Down 6.1 %

AGF.B stock traded down C$0.73 during mid-day trading on Monday, reaching C$11.18. The company had a trading volume of 152,062 shares, compared to its average volume of 74,760. The company has a market capitalization of C$713.95 million, a price-to-earnings ratio of 8.73, a PEG ratio of 1.18 and a beta of 1.73. AGF Management Limited has a 52 week low of C$7.37 and a 52 week high of C$11.95. The stock has a 50 day simple moving average of C$10.92 and a two-hundred day simple moving average of C$10.19. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. TD Securities lifted their price objective 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. Desjardins lifted 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 report on Thursday, January 16th. Jefferies Financial Group upped their price objective 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. 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 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 MarketBeat.com, AGF Management has a consensus rating of "Moderate Buy" and an average price target 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.