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home / news releases / KNSL - Three asset managers ascend two Brazilian banks slide: Weekly financial roundup


KNSL - Three asset managers ascend two Brazilian banks slide: Weekly financial roundup

This week's five biggest winners in financial stocks (with market cap of over $2B) featured three asset managers, while two Brazilian banks took a hit.

Pet insurer Trupanion ( NASDAQ: TRUP ) gained the most in the week ended November 11, soaring 42.7% , after the company formed an alliance with Aflac ( NYSE: AFL ) to provide pet insurance in Japan;

Texas-based private equity firm TPG ( NASDAQ: TPG ), up 30.8% , took the second slot after it saw strong sequential growth in management fees, operating margin and fee-related earnings in Q3 ;

Blue Owl Capital ( NYSE: OWL ), another asset manager, climbed 30.1% ;

Asset manager T. Rowe Price Group ( NASDAQ: TROW ) accelerated 29.7% after its assets under management increased 4.1% in October vs. September; and

Rocket Companies ( NYSE: RKT ), a tech-driven mortgage financer, rose 28.8% .

For the five biggest losers, Brazilian lender Banco Bradesco ( NYSE: BBD ) dropped the most, falling 25.8% ;

Insurance broker Ryan Specialty Holdings ( NYSE: RYAN ) retreated 23.6% after it reported third-quarter results;

Itau Unibanco Holding ( NYSE: ITUB ), another Brazil-based bank, dipped 16.8% following its Q3 results ;

LPL Financial Holdings ( NASDAQ: LPLA ), an investment bank and brokerage, slid 14.5% ; and

Property and casualty insurer Kinsale Capital Group ( NYSE: KNSL ) fell 12.7% after it priced an underwritten public offering of 155K common shares for gross proceeds of ~$48.4M .

CPI inflation moderates in October to +7.7%, giving Fed room for smaller hikes .

For further details see:

Three asset managers ascend, two Brazilian banks slide: Weekly financial roundup
Stock Information

Company Name: Kinsale Capital Group Inc.
Stock Symbol: KNSL
Market: NASDAQ
Website: kinsalecapitalgroup.com

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