NN Group (OTCMKTS:NNGRY) Sets New 52-Week High - Still a 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) 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. The stock had previously closed at $34.40.

Analysts Set New Price Targets

Several research firms have weighed in on NNGRY. The Goldman Sachs Group upgraded shares of NN Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 2nd. Keefe, Bruyette & Woods lowered shares of NN Group from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, May 14th. BNP Paribas lowered shares of NN Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 23rd. Citigroup reaffirmed a "neutral" rating on shares of NN Group in a research report on Wednesday, May 28th. Finally, Morgan Stanley reaffirmed an "underweight" rating on shares of NN Group in a research report on Friday, July 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold".

NN Group Trading Up 1.7%

The company's fifty day simple moving average is $32.90 and its two-hundred day simple moving average is $30.90. The company has a quick ratio of 159.36, a current ratio of 159.36 and a debt-to-equity ratio of 0.48.

NN Group Increases Dividend

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

NN Group Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.