Intel stock spikes after report of possible US government stake
Florida’s 18th congressional district representative, Scott Franklin, has made significant transactions in the stock market, according to a recent congressional trade report. The transaction involved the stocks of The Baldwin Insurance Group, Inc. (BWIN), a leading insurance firm with a market capitalization of approximately $5 billion and annual revenue of $1.4 billion. According to InvestingPro data, BWIN has demonstrated strong momentum with a 57% return over the past year.
The report highlighted that Franklin made a partial sale of his Baldwin Insurance Group’s Class A Common Stock, with the transaction value falling between $500,001 and $1,000,000. This substantial trade was carried out on April 10th, 2025, and was reported six days later on April 16th. The timing is particularly noteworthy as BWIN is scheduled to report its next earnings on May 6th, with analysts forecasting positive earnings of $3.18 per share for fiscal year 2025.
The stocks were held in a Fidelity Joint TBE account, an investment vehicle owned by Franklin. The Fidelity Joint TBE account is based in the United States and has been known to be involved in initial public offerings.
This recent transaction adds to Franklin’s financial activities, providing an insight into the investment preferences of the congressperson representing Florida’s 18th district. It’s worth noting that the sale was only partial, indicating that Franklin still retains a portion of his holdings in The Baldwin Insurance Group, Inc.
However, the exact reasons behind Franklin’s decision to sell a portion of his holdings remain undisclosed. The investment community will be closely watching any further financial activities from Franklin, given his influential position in the Florida’s 18th district.
This report underscores the importance of transparency in the financial activities of public officials. It provides valuable information to investors, enabling them to make informed decisions and understand the financial behaviors of key public figures. InvestingPro analysis suggests BWIN is currently undervalued, with 8 additional ProTips and comprehensive financial metrics available to subscribers through the Pro Research Report, helping investors make more informed decisions about this volatile insurance stock.
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