NN Group (OTCMKTS:NNGRY) Sets New 12-Month High - Here's Why

Key Points

• NN Group ADR hit a new 52-week high of $44.745 and was last quoted at $44.71, up about 2.6%, trading above its 50- and 200-day moving averages ($40.48 and $38.49).
• Analyst coverage is mixed with a MarketBeat consensus of Hold (2 Buys, 5 Holds, 1 Sell) and a recent Zacks downgrade from "strong-buy" to "hold."
• NN Group is a Dutch insurance and asset-management firm spun off from ING, showing moderate leverage (debt-to-equity ~0.58) and unusually high reported current and quick ratios (137.28).

NN Group NV Unsponsored ADR (OTCMKTS:NNGRY - Get Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as $44.7450 and last traded at $44.71, with a volume of 709 shares trading hands. The stock had previously closed at $42.93.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of NN Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 20th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, NN Group currently has a consensus rating of "Hold".

NN Group Trading Up 2.6%

The company has a debt-to-equity ratio of 0.58, a quick ratio of 137.28 and a current ratio of 137.28. The stock has a 50-day simple moving average of $40.48 and a two-hundred day simple moving average of $38.49.

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.

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