ROOT - State Auto leads this week's financial gainers while Silvergate Capital drops

solarseven/iStock via Getty ImagesThis week's top outperformers in the financial sector include a company that's being acquired, Chinese fintech 360DigiTech, and credit card network Visa.This week's largest losers were led by crypto names, Silvergate Capital and Marathon Digital, and tech-enabled property and casualty insurers like Lemonade and Root.The top five largest weekly losers also underperformed for a M/M and Q/Q basis.The top five outperformers in the financial sector (stocks with a market cap of $2B+) for the week ending July 16, 2021:State Auto Financial (STFC) (+191.1%) increases as Liberty Mutual will acquire the company for $52/share, or a $2.29B valuation.360 DigiTech (QFIN) (+12.4%) rises after Goldman Sachs initiates a Buy rating on AI benefits;Enstar Group Limited (ESGR) (+7.5%) increases after news it will repurchase Hillhouse Capital Management's equity stake for $879.3M;Jefferies Financial (JEF) (+4.5%) gains after teaming up with Sumitomo Mitsui Financial and SMBC Nikko Securities to collaborate on corporate

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State Auto leads this week's financial gainers, while Silvergate Capital drops