NN Group (OTCMKTS:NNGRY) Sees Strong Trading Volume – Still a Buy?

NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) saw unusually-high trading volume on Thursday . Approximately 122,233 shares were traded during trading, an increase of 55% from the previous session’s volume of 78,630 shares.The stock last traded at $38.43 and had previously closed at $38.47.

Wall Street Analyst Weigh In

NNGRY has been the topic of a number of analyst reports. Zacks Research raised NN Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. The Goldman Sachs Group restated a “buy” rating on shares of NN Group in a research note on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

NN Group Stock Down 1.2%

The firm has a fifty day moving average of $39.46 and a 200 day moving average of $37.14.

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.