Yahoo Finance Insider Spends US$2.5m Buying More Shares In Truist Financial
Truist Financial Corporation (NYSE:TFC) shareholders (or potential shareholders) will be happy to see that the Executive Chairman & CEO, William Rogers, recently bought a whopping US$2.5m worth of stock, at a price of US$43.96. While that only increased their holding size by 5.3%, it is still a big swing by our standards.
See our latest analysis for Truist Financial
Truist Financial Insider Transactions Over The Last Year
Notably, that recent purchase by William Rogers is the biggest insider purchase of Truist Financial shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is US$44.42. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for Truist Financial share holders is that an insider was buying at near the current price. William Rogers was the only individual insider to buy shares in the last twelve months.
William Rogers bought a total of 67.30k shares over the year at an average price of US$41.60. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
Insider Ownership
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Truist Financial insiders own 0.2% of the company, worth about US$117m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Does This Data Suggest About Truist Financial Insiders?
It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Truist Financial. Looks promising! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Every company has risks, and we've spotted 1 warning sign for Truist Financial you should know about.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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