NN Group (OTCMKTS:NNGRY) Hits New 52-Week High – Here’s Why

NN Group NV Unsponsored ADR (OTCMKTS:NNGRY)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $40.94 and last traded at $40.74, with a volume of 8159 shares traded. The stock had previously closed at $40.64.

Analysts Set New Price Targets

Several equities analysts have issued reports on NNGRY shares. Keefe, Bruyette & Woods upgraded NN Group from a “hold” rating to a “moderate buy” rating in a research report on Monday, November 10th. The Goldman Sachs Group restated a “buy” rating on shares of NN Group in a report on Monday, December 1st. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, NN Group has a consensus rating of “Hold”.

NN Group Stock Up 1.1%

The firm has a 50 day moving average price of $38.33 and a two-hundred day moving average price of $36.03.

About NN Group

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.