AGF EMPLOYEE BENEFIT PLAN TRUST buys 13,300 shares of AGF Management Limited (TSE:AGF.B)

AGF Management Limited (IS: AGF.BGet a rating) AGF EMPLOYEE BENEFIT PLAN TRUST insider bought 13,300 shares of the company in a trade on Monday, July 11. The shares were acquired at an average cost of CA$6.22 per share, with a total value of CA$82,726.00. Following the completion of the acquisition, the insider now directly owns 827,843 shares of the company, valued at approximately C$5,149,183.46.

AGF BENEFITS PLAN TRUST has also recently completed the following transaction(s):

  • On Wednesday, July 13, AGF BENEFIT PLAN TRUST purchased 82,900 shares of AGF Management. The shares were acquired at an average cost of CA$6.23 per share, with a total value of CA$516,467.00.
  • On Thursday, July 7, AGF BENEFIT PLAN TRUST acquired 7,900 shares of AGF Management. The shares were purchased at an average price of CA$6.32 per share, for a total transaction of CA$49,896.40.

Shares of AGF.B opened at C$6.09 on Friday. The company has a market cap of C$416.18 million and a price-to-earnings ratio of 8.46. AGF Management Limited has a fifty-two week minimum of CA$5.96 and a fifty-two week maximum of CA$8.52. The company has a debt ratio of 8.16, a current ratio of 2.00 and a quick ratio of 2.00. The company’s 50-day moving average is C$6.55 and its 200-day moving average is C$7.17.

Several analysts have published reports on the company. Royal Bank of Canada downgraded AGF Management’s rating from “sector performance” to “underperforming” and reduced its price target for the stock from C$8.50 to 8 C$.00 in a Monday, April 25 report. Scotiabank cut its price target on AGF Management from C$8.50 to C$7.75 in a report released Tuesday, June 14. One analyst rated the stock with a sell rating, two gave the company a hold rating and one gave the company a buy rating. According to data from, AGF Management currently has an average rating of “Hold” and an average target price of C$8.15.

About AGF Management (Get a rating)

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

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