Rogers Communications Executive Chairman Acquires 29% More Stock

Those following along with Rogers Communications Inc. (TSE:RCI.B) will no doubt be intrigued by the recent purchase of shares by Edward Rogers, Executive Chairman of the company, who spent a stonking CA$26m on stock at an average price of CA$48.34. Not only is that a big swing, but it increased their holding size by 29%, which is definitely great to see.

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The Last 12 Months Of Insider Transactions At Rogers Communications

In fact, the recent purchase by Edward Rogers was the biggest purchase of Rogers Communications shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is CA$48.78. Of course they may have changed their mind. But this suggests they are optimistic. 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. Happily, the Rogers Communications insiders decided to buy shares at close to current prices.

In the last twelve months insiders purchased 557.88k shares for CA$27m. But they sold 220.00 shares for CA$10k. In total, Rogers Communications insiders bought more than they sold over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

View our latest analysis for Rogers Communications

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 Of Rogers Communications

For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Rogers Communications insiders own 0.9% of the company, currently worth about CA$248m based on the recent share price. 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 Rogers Communications Insiders?

The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest Rogers Communications insiders are well aligned, and quite possibly think the share price is too low. 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. Case in point: We've spotted 2 warning signs for Rogers Communications you should be aware of, and 1 of them is potentially serious.

But note: Rogers Communications may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.