NN GROUP Stock Jump On Thursday, Outperforms Market

(VIANEWS) – The Market ended the session with NN GROUP (NN.AS) jumping 9.92% to €34.90 on Thursday while AEX-Index jumped 0.4% to €765.04.

NN GROUP’s last close was €31.75, 33.34% under its 52-week high of €47.63.

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 corporate life products; and non-life insurance products, including motor, fire, liability, transport, travel, health, property and casualty, and disability and accident insurance products. The company also provides banking services, including mortgage loans, savings accounts, bank annuities, consumer lending, and retail investment products, as well as administration and management services; reinsurance services; and retirement products and services. It offers its products to individuals, small and medium-sized enterprises, and Corporates customers directly through tied agents, agents/ brokers, platform insurance, and direct channels. The company was formerly known as ING Insurance Topholding N.V. and changed its name to NN Group N.V. in March 2014. NN Group N.V. was founded in 1845 and is headquartered in the Hague, the Netherlands.

Earnings Per Share

As for profitability, NN GROUP has a trailing twelve months EPS of €1.36.

PE Ratio

NN GROUP has a trailing twelve months price to earnings ratio of 25.66. Meaning, the purchaser of the share is investing €25.66 for every euro of annual earnings.

Return on Equity

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 1.81%.

Dividend Yield

According to Morningstar, Inc., the next dividend payment is on Jun 6, 2023, the estimated forward annual dividend rate is 2.79 and the estimated forward annual dividend yield is 8.19%.

Revenue Growth

Year-on-year quarterly revenue growth declined by 22%, now sitting on 15.23B for the twelve trailing months.

Stock Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, NN GROUP’s stock is considered to be overbought (>=80).

More news about NN GROUP (NN.AS).

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