NN Group (OTCMKTS:NNGRY) Reaches New 12-Month High – Time to Buy?

Shares of NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $38.3050 and last traded at $38.30, with a volume of 5730 shares trading hands. The stock had previously closed at $38.15.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NNGRY shares. The Goldman Sachs Group reissued a “buy” rating on shares of NN Group in a research note on Monday, December 1st. Keefe, Bruyette & Woods upgraded shares of NN Group from a “hold” rating to a “moderate buy” rating in a report on Monday, November 10th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, NN Group presently has an average rating of “Hold”.

NN Group Trading Up 0.8%

The firm’s 50-day moving average price is $35.59 and its 200 day moving average price is $34.52.

NN Group Company Profile

NN Group N.V. (OTCMKTS:NNGRY) is a Dutch insurance and asset management company that provides a range of life and non-life insurance products, pension and retirement solutions, and investment management services. Its product offering typically includes individual and group life insurance, annuities, disability and health-related coverages, property & casualty insurance, and savings and retirement planning products aimed at both retail and corporate clients. The company also manages assets on behalf of its insurance operations and third-party institutional and individual investors.

NN Group traces its corporate structure to the Dutch insurer Nationale-Nederlanden and was established as a separate, publicly listed company following a demerger from ING Group in the mid-2010s.