Navin Arora Is The President of TELUS Business Solutions of TELUS Corporation (TSE:T) And They Just Picked Up 32% More Shares

Investors who take an interest in TELUS Corporation (TSE:T) should definitely note that the President of TELUS Business Solutions, Navin Arora, recently paid CA$25.44 per share to buy CA$482k worth of the stock. That's a very decent purchase to our minds and it grew their holding by a solid 32%.

Check out our latest analysis for TELUS

The Last 12 Months Of Insider Transactions At TELUS

Notably, that recent purchase by Navin Arora is the biggest insider purchase of TELUS 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 CA$25.57. That means they have been optimistic about the company in the past, though they may have changed their mind. 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 purchases were made at close to current prices.

In the last twelve months insiders purchased 62.42k shares for CA$1.4m. On the other hand they divested 8.26k shares, for CA$195k. Overall, TELUS insiders were net buyers during the last year. Their average price was about CA$22.71. Although they bought at below the recent share price, it is good to see that insiders are willing to invest in the company. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

TELUS is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. TELUS insiders own about CA$51m worth of shares. That equates to 0.2% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At TELUS Tell Us?

The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. Given that insiders also own a fair bit of TELUS we think they are probably pretty confident of a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing TELUS. Our analysis shows 3 warning signs for TELUS (1 is potentially serious!) and we strongly recommend you look at them before investing.

Of course TELUS 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, but not derivative transactions.

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