NN Group (OTCMKTS:NNGRY) Sets New 52-Week High – Time to Buy?

NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) shares reached a new 52-week high during mid-day trading on Monday . The company 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.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group restated 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 research report on Monday, November 10th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, NN Group has a consensus rating of “Hold”.

NN Group Stock Up 0.5%

The company has a 50 day moving average of $35.72 and a 200-day moving average of $34.61.

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.