NN Group (OTCMKTS:NNGRY) Reaches New 1-Year High - Time to Buy?

Key Points

• NN Group (OTCMKTS:NNGRY) reached a new 52-week high of $35.00, showing a strong performance with a trading volume of 246 shares.
• Analysts have mixed opinions on NN Group, with Goldman Sachs upgrading its rating to "strong buy," while other firms have given hold or sell ratings, leading to a consensus rating of "Hold."
• The company increased its dividend to $0.9103 per share, significantly up from the previous amount of $0.55, reflecting a dividend yield of 472.0%.

NN Group NV Unsponsored ADR (OTCMKTS:NNGRY - Get Free Report)'s share price reached a new 52-week high on Wednesday . The stock traded as high as $35.00 and last traded at $35.00, with a volume of 246 shares trading hands. The stock had previously closed at $34.40.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on NNGRY shares. BNP Paribas downgraded shares of NN Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd. Morgan Stanley reaffirmed an "underweight" rating on shares of NN Group in a research note on Friday, July 11th. The Goldman Sachs Group raised shares of NN Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 2nd. Keefe, Bruyette & Woods downgraded shares of NN Group from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, Citigroup reissued a "neutral" rating on shares of NN Group in a research note on Wednesday, May 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold".

NN Group Stock Up 3.2%

The company has a quick ratio of 159.36, a current ratio of 159.36 and a debt-to-equity ratio of 0.48. The business's 50 day moving average is $33.08 and its 200 day moving average is $31.03.

NN Group Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st were given a dividend of $0.9103 per share. The ex-dividend date of this dividend was Tuesday, May 20th. This is a boost from NN Group's previous dividend of $0.55. This represents a dividend yield of 472.0%.

About NN Group

NN Group N.V., a financial services company, provides life and non-life insurance products in the Netherlands and internationally. The company operates through Netherlands Life, Netherlands Non-life, Insurance Europe, Japan Life, Banking, and Other segments. It offers Life insurance products, such as group and individual pension products, retail life insurance, and SME life insurance products; and non-life insurance products, including motor, fire, liability, transport, travel, health, property and casualty, and disability and accident insurance products.