Insider Selling: AGF Management Limited (TSE:AGF.B) Insider Sells 442,751 Shares of Stock

AGF Management Limited (TSE:AGF.B) insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 442,751 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was 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$0.05 on Thursday, hitting C$10.47. 21,818 shares of the company were exchanged, compared to its average volume of 41,568. The firm has a 50 day moving average of C$10.87 and a two-hundred day moving average of C$9.45. The company has a market cap of C$668.61 million, a P/E ratio of 8.18, a P/E/G ratio of 1.18 and a beta of 1.73. The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27. AGF Management Limited has a 1-year low of C$7.27 and a 1-year high of C$11.53.

Analyst Ratings Changes

Several brokerages have commented on AGF.B. Jefferies Financial Group raised their target price on shares of AGF Management from C$11.00 to C$12.00 and gave the stock a “buy” rating in a report on Wednesday. Desjardins raised their price target on shares of AGF Management from C$12.00 to C$12.50 and gave the stock a “buy” rating in a report on Thursday, September 26th. TD Securities lifted their target price on shares of AGF Management from C$10.00 to C$11.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. BMO Capital Markets lifted their price target on shares of AGF Management from C$10.00 to C$11.00 in a research report on Wednesday. Finally, CIBC boosted their target price on shares of AGF Management from C$14.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$12.11.

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.