NN Group (OTCMKTS:NNGRY) Sees Strong Trading Volume – Should You Buy?

NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) shares saw an uptick in trading volume on Monday . 55,538 shares traded hands during mid-day trading, an increase of 157% from the previous session’s volume of 21,650 shares.The stock last traded at $39.26 and had previously closed at $38.72.

Analysts Set New Price Targets

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

NN Group Price Performance

The company has a 50-day moving average price of $36.39 and a 200-day moving average price of $34.99.

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.