NN Group (OTCMKTS:NNGRY) Trading 3.1% Higher – Should You Buy?

NN Group NV Unsponsored ADR (OTCMKTS:NNGRY)’s share price rose 3.1% during trading on Friday . The company traded as high as $40.0199 and last traded at $40.0199. Approximately 3,649 shares traded hands during trading, a decline of 87% from the average daily volume of 27,915 shares. The stock had previously closed at $38.81.

Wall Street Analysts Forecast Growth

NNGRY has been the topic of a number of research analyst reports. 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. The Goldman Sachs Group reaffirmed a “buy” rating on shares of NN Group in a research note on Monday, December 1st. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, NN Group presently has a consensus rating of “Hold”.

NN Group Stock Performance

The stock has a 50 day simple moving average of $35.87 and a 200-day simple moving average of $34.70.

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.