Insider Buying: AGF Management Limited (TSE:AGF.B) Insider Buys C$404,000.00 in Stock

AGF Management Limited (TSE:AGF.B) insider AGF EMPLOYEE BENEFIT PLAN TRUST bought 50,000 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was purchased at an average cost of C$8.08 per share, with a total value of C$404,000.00.

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

• On Friday, March 1st, AGF EMPLOYEE BENEFIT PLAN TRUST acquired 150,000 shares of AGF Management stock. The shares were bought at an average cost of C$8.17 per share, with a total value of C$1,225,500.00.
• On Tuesday, February 20th, AGF EMPLOYEE BENEFIT PLAN TRUST bought 20,000 shares of AGF Management stock. The shares were acquired at an average cost of C$7.51 per share, with a total value of C$150,200.00.
• On Friday, February 16th, AGF EMPLOYEE BENEFIT PLAN TRUST bought 65,000 shares of AGF Management stock. The shares were acquired at an average price of C$7.62 per share, with a total value of C$495,300.00.
• On Friday, January 26th, AGF EMPLOYEE BENEFIT PLAN TRUST acquired 15,000 shares of AGF Management stock. The shares were purchased at an average price of C$7.68 per share, for a total transaction of C$115,200.00.

AGF Management Stock Up 0.9 %

Shares of AGF.B stock opened at C$8.20 on Friday. The stock’s 50 day simple moving average is C$7.90 and its 200 day simple moving average is C$7.49. The company has a debt-to-equity ratio of 8.26, a quick ratio of 1.75 and a current ratio of 1.39. AGF Management Limited has a twelve month low of C$6.30 and a twelve month high of C$8.36. The company has a market capitalization of C$523.82 million, a price-to-earnings ratio of 6.31, a PEG ratio of 1.18 and a beta of 1.79.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AGF.B. CIBC raised AGF Management from a “neutral” rating to an “outperform” rating and raised their price target for the company from C$9.00 to C$11.00 in a report on Wednesday, February 28th. TD Securities raised their target price on AGF Management from C$9.50 to C$10.00 and gave the company a “buy” rating in a research note on Tuesday, January 16th. Royal Bank of Canada raised their target price on AGF Management from C$8.50 to C$9.00 and gave the company a “sector perform” rating in a research note on Thursday, January 25th. Finally, Scotiabank increased their price target on AGF Management from C$9.25 to C$9.50 and gave the company a “sector perform” rating in a research report on Thursday, January 25th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, AGF Management currently has an average rating of “Hold” and an average price target of C$9.60.

AGF Management Company Profile

AGF Management Limited is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to public and corporate DB pension plans, endowments and foundations, sovereign wealth funds, corporate plans, insurance companies, and sub-advised mandates. Through its subsidiaries, it manages separate client-focused equity, fixed income, and balanced mutual funds along with separate client-focused equity, fixed income, and balanced portfolios.