Insider Buying: AGF Management Limited (TSE:AGF.B) Director Acquires 3,100 Shares of Stock

AGF Management Limited (TSE:AGF.B) Director Cybele Negris purchased 3,100 shares of AGF Management stock in a transaction dated Tuesday, August 6th. The shares were acquired at an average cost of C$7.90 per share, for a total transaction of C$24,490.00.

Cybele Negris also recently made the following trade(s):

• On Wednesday, July 31st, Cybele Negris acquired 6,000 shares of AGF Management stock. The shares were bought at an average cost of C$8.15 per share, for a total transaction of C$48,900.00.

AGF Management Price Performance

Shares of AGF.B stock traded down C$0.05 during mid-day trading on Tuesday, hitting C$7.87. 68,307 shares of the stock were exchanged, compared to its average volume of 64,700. The firm has a fifty day moving average of C$8.33 and a 200 day moving average of C$8.15. The company has a quick ratio of 1.75, a current ratio of 1.73 and a debt-to-equity ratio of 11.08. AGF Management Limited has a 52-week low of C$6.30 and a 52-week high of C$9.05. The company has a market cap of C$508.64 million, a PE ratio of 5.20, a price-to-earnings-growth ratio of 1.18 and a beta of 1.78.

Analysts Set New Price Targets

AGF.B has been the topic of a number of research analyst reports. Desjardins boosted their price objective on shares of AGF Management from C$11.50 to C$12.00 and gave the company a “buy” rating in a report on Monday, June 24th. Scotiabank set a C$10.75 price target on shares of AGF Management and gave the company a “sector perform” rating in a report on Thursday, June 27th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$10.96.

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.