NN Group (OTCMKTS:NNGRY) Reaches New 1-Year High - Still a Buy?

Key Points

• 52-week high: NN Group's ADR touched a new 52-week high at $43.56 (last $43.45) on Thursday, trading up about 2.2% with ~15,031 shares changing hands.
• Analyst stance: The consensus rating is a "Hold" (2 Buys, 5 Holds, 1 Sell), and Zacks recently downgraded the stock from "strong-buy" to "hold" on April 20.
• Fundamentals and trend: The company shows very high reported liquidity ratios (current and quick ratios both 137.28), a debt-to-equity of 0.58, and the stock is trading above its 50-day ($40.38) and 200-day ($38.36) moving averages.

NN Group NV Unsponsored ADR (OTCMKTS:NNGRY - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $43.56 and last traded at $43.45, with a volume of 15031 shares changing hands. The stock had previously closed at $42.78.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut NN Group from a "strong-buy" rating to a "hold" rating in a report on Monday, April 20th. 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. Based on data from MarketBeat.com, NN Group currently has a consensus rating of "Hold".

NN Group Trading Up 2.2%

The company has a current ratio of 137.28, a quick ratio of 137.28 and a debt-to-equity ratio of 0.58. The stock has a 50-day moving average price of $40.38 and a 200 day moving average price of $38.36.

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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