Insider Buying: AGF Management Limited (TSE:AGF.B) Insider Acquires 23,200 Shares of Stock

AGF Management Limited (TSE:AGF.B - Get Free Report) insider AGF EMPLOYEE BENEFIT PLAN TRUST bought 23,200 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was bought at an average price of C$11.56 per share, with a total value of C$268,192.00.

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 stock was bought at an average cost of C$11.89 per share, for a total transaction of C$267,525.00.
• On Thursday, February 20th, AGF EMPLOYEE BENEFIT PLAN TRUST acquired 21,100 shares of AGF Management stock. The shares were 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 purchased 21,000 shares of AGF Management stock. The shares were purchased at an average cost 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 Price Performance

TSE AGF.B traded up C$0.21 on Friday, reaching C$11.91. The company's stock had a trading volume of 109,705 shares, compared to its average volume of 72,875. AGF Management Limited has a twelve month low of C$7.37 and a twelve month high of C$11.95. The stock has a market cap of C$760.57 million, a PE ratio of 9.30, a PEG ratio of 1.18 and a beta of 1.73. The firm's 50 day moving average is C$10.91 and its two-hundred day moving average is C$10.15. The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on AGF.B shares. BMO Capital Markets lifted their price target on AGF Management from C$10.00 to C$11.00 in a report on Wednesday, January 8th. TD Securities lifted their target price on AGF Management from C$12.00 to C$13.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. Desjardins increased their price target on 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, Jefferies Financial Group lifted 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 note on Wednesday, January 8th. Two 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 currently has a consensus rating of "Moderate Buy" and a consensus target price 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.