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.

The Last 12 Months Of Insider Transactions At Truist Financial

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. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. In this case we're pleased to report that the insider bought shares at close to current prices. William Rogers was the only individual insider to buy shares in the last twelve months.

William Rogers purchased 67.30k shares over the year. The average price per share was US$41.60. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Does Truist Financial Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Truist Financial insiders own about US$117m worth of shares (which is 0.2% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Do The Truist Financial Insider Transactions Indicate?

It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Truist Financial. Nice! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Truist Financial. Every company has risks, and we've spotted 1 warning sign for Truist Financial you should know about.

Of course Truist Financial may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com