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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  NN Group N.V.    NN   NL0010773842

NN GROUP N.V.

(NN)
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Real-time Estimate Quote. Real-time Estimate Tradegate - 07/06 01:11:33 pm
31.57 EUR   +1.51%
06/24NN GROUP CAPITAL MARKETS DAY : Committed to sustainable value creation
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06/14Canada's oil patch cuts back climate efforts under pandemic
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06/12NN Group shares rise on Elliott note
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European Insurers Fall After Regulator Asks for Dividend Suspensions

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04/03/2020 | 05:01am EDT

By Pietro Lombardi and Adam Clark

 

The European Union's insurance regulator has asked insurers and reinsurers in the region to temporarily suspend dividends and consider a postponement of bonuses amid the coronavirus pandemic, knocking stocks across the sector.

The European Insurance and Occupational Pensions Authority late Thursday urged insurers to have a prudent approach to shareholders' remuneration and variable pay. It wants insurers and reinsurers to preserve their capital position and ability to absorb potential losses, as well as ensure the continuity of their services.

The advice sent share insurers' share prices dropping across the continent. The biggest fallers were Dutch companies NN Group N.V. and Aegon N.V. which both fell over 9%. Also hard hit were France's CNP Assurances and the U.K.'s Legal & General Group PLC, trading down around 7%. The U.K. still follows European insurance regulation during the Brexit transition.

Some major European insurers have recently said they continue to expect to pay their previously declared 2019 dividends, including Germany's Allianz SE and Munich Re which both traded down around 2% in morning trading on Friday.

Insurers and reinsurers "should ensure that their assessment of the overall solvency needs is forward-looking, taking due account of the current level of uncertainty on the depth, magnitude and duration of the impacts of COVID-19," the Authority said.

"In such context, the variable part of remuneration policies should be set at a conservative level and should be considered for postponement," it added.

 

Write to Pietro Lombardi at pietro.lombardi@dowjones.com

 

Stocks mentioned in the article
ChangeLast1st jan.
AEGON N.V. -0.77% 2.71 Delayed Quote.-33.37%
ALLIANZ SE -1.05% 184.14 Delayed Quote.-15.69%
AT HOME GROUP INC. 3.91% 6.64 Delayed Quote.20.73%
CNP ASSURANCES -1.54% 10.23 Real-time Quote.-42.30%
EURO / BRITISH POUND (EUR/GBP) 0.52% 0.90073 Delayed Quote.6.62%
JUST GROUP PLC -4.49% 48.9 Delayed Quote.-38.10%
LEGAL & GENERAL PLC -1.88% 219.4 Delayed Quote.-27.59%
MUENCHENER RUECKVERSICHERUNG AG 0.04% 232.3 Delayed Quote.-11.67%
NEXT PLC -4.61% 4798 Delayed Quote.-31.63%
NN GROUP N.V. 0.97% 31.1 Delayed Quote.-8.04%
NN, INC. -0.44% 4.57 Delayed Quote.-50.59%
WILL GROUP, INC. 0.32% 636 End-of-day quote.-49.20%
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Latest news on NN GROUP N.V.
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Financials
Sales 2020 14 383 M 16 171 M 16 171 M
Net income 2020 1 107 M 1 244 M 1 244 M
Net Debt 2020 2 013 M 2 263 M 2 263 M
P/E ratio 2020 9,19x
Yield 2020 7,60%
Capitalization 9 960 M 11 198 M 11 198 M
EV / Sales 2019
EV / Sales 2020 0,83x
Nbr of Employees 14 230
Free-Float 80,0%
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Technical analysis trends NN GROUP N.V.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 35,23 €
Last Close Price 31,10 €
Spread / Highest target 54,3%
Spread / Average Target 13,3%
Spread / Lowest Target -39,8%
EPS Revisions
Managers
NameTitle
David Knibbe Chief Executive Officer
David Cole Chairman-Supervisory Board
Delfin Rueda Arroyo Chief Financial Officer & Investor Relations
Amir Arooni Chief Information Officer
Heijo Hauser Member-Supervisory Board
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