Insider Buying: AGF Management Limited (TSE:AGF.B) Insider Buys 21,100 Shares of Stock

AGF Management Limited (TSE:AGF.B) insider AGF EMPLOYEE BENEFIT PLAN TRUST acquired 21,100 shares of the stock in a transaction dated Thursday, February 20th. The shares were acquired 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 acquired 21,000 shares of AGF Management stock. The shares were acquired 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 stock was sold at an average price of C$11.17, for a total value of C$4,945,528.67.

AGF Management Stock Performance

AGF.B traded down C$0.37 on Friday, hitting C$11.39. 91,430 shares of the company traded hands, compared to its average volume of 63,451. The company has a 50 day moving average of C$10.80 and a 200-day moving average of C$10.01. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27. The stock has a market capitalization of C$727.37 million, a PE ratio of 8.90, a PEG ratio of 1.18 and a beta of 1.73. AGF Management Limited has a 12-month low of C$7.37 and a 12-month high of C$11.84.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. BMO Capital Markets upped their target price on AGF Management from C$10.00 to C$11.00 in a research report on Wednesday, January 8th. Desjardins upped their target price on AGF Management from C$12.50 to C$13.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Jefferies Financial Group upped their target price 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. Finally, TD Securities upped their target price on AGF Management from C$12.00 to C$13.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average 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.