NN Group (OTCMKTS:NNGRY) Sees Strong Trading Volume – Here’s What Happened

Shares of NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) saw unusually-high trading volume on Friday . Approximately 80,892 shares were traded during trading, an increase of 41% from the previous session’s volume of 57,570 shares.The stock last traded at $39.58 and had previously closed at $39.71.

Wall Street Analysts Forecast Growth

NNGRY has been the topic of several research analyst reports. Keefe, Bruyette & Woods upgraded shares of NN Group from a “hold” rating to a “moderate buy” rating in a research report on Monday, November 10th. The Goldman Sachs Group reissued a “buy” rating on shares of NN Group in a research report on Monday, December 1st. Two investment 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. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

NN Group Stock Performance

The stock has a fifty day simple moving average of $37.80 and a 200-day simple moving average of $35.73.

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.