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

Key Points

• NNGRY hit a new 52-week high, trading as high as $42.77 on Monday (volume ~31,991) and sits well above its 50‑day ($39.73) and 200‑day ($37.63) moving averages.
• Zacks Research upgraded the stock to a "strong‑buy" from "hold," but analyst coverage is mixed overall (1 Strong Buy, 2 Buy, 4 Hold, 1 Sell) leaving the consensus rating at "Hold".

NN Group NV Unsponsored ADR (OTCMKTS:NNGRY - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $42.77 and last traded at $42.77, with a volume of 31991 shares changing hands. The stock had previously closed at $41.8550.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of NN Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold".

NN Group Price Performance

The stock's 50-day moving average price is $39.73 and its two-hundred day moving average price is $37.63.

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.

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