Insider Selling: AGF Management Limited (TSE:AGF.B) Senior Officer Sells C$679,200.00 in Stock

AGF Management Limited (TSE:AGF.B) Senior Officer Kevin Andrew Mccreadie sold 60,000 shares of the firm’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of C$11.32, for a total transaction of C$679,200.00.

Kevin Andrew Mccreadie also recently made the following trade(s):

• On Wednesday, May 14th, Kevin Andrew Mccreadie sold 3,500 shares of AGF Management stock. The stock was sold at an average price of C$11.85, for a total transaction of C$41,475.00.

AGF Management Price Performance

Shares of TSE:AGF.B opened at C$11.46 on Friday. AGF Management Limited has a 12 month low of C$7.37 and a 12 month high of C$11.95. The stock has a market cap of C$731.84 million, a price-to-earnings ratio of 8.95, a PEG ratio of 1.18 and a beta of 1.73. The stock’s 50 day moving average price is C$10.01 and its 200 day moving average price is C$10.59. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75.

Analysts Set New Price Targets

AGF.B has been the topic of a number of recent research reports. Scotiabank cut their target price on shares of AGF Management from C$12.00 to C$11.50 and set a “sector perform” rating on the stock in a report on Wednesday, April 9th. TD Securities cut their price target on AGF Management from C$13.00 to C$12.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Desjardins cut their price target on AGF Management from C$13.50 to C$12.25 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Finally, Jefferies Financial Group cut their price target on AGF Management from C$12.00 to C$11.00 in a report on Monday, April 21st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.