NN Group (OTCMKTS:NNGRY) Reaches New 52-Week High – What’s Next?

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on NNGRY shares. The Goldman Sachs Group reaffirmed a “buy” rating on shares of NN Group in a research note on Monday, December 1st. Keefe, Bruyette & Woods raised shares of NN Group from a “hold” rating to a “moderate buy” rating in a report on Monday, November 10th. Two 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. According to MarketBeat, the stock has a consensus rating of “Hold”.

NN Group Stock Down 1.5%

The company’s 50 day moving average price is $38.50 and its two-hundred day moving average price is $36.13.

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.