NN NA

NN Group N.V.

Finance/Real Estate


Presented:10/24/2014
Price:€22.34
Cap:$8.89B
Current Price:€45.73
Cap:$14.03B

Presented

Date10/24/2014
Price€22.34
Market Cap$8.89B
Ent Value$9.99B
P/E Ratio15.31x
Book Value€66.26
Div Yield0.57%
Shares O/S350.01M
Ave Daily Vol160,000
Short IntN/A

Current

Price€45.73
Market Cap$14.03B
NN Group N.V., an insurance and investment management company, provides life and non-life insurance products primarily in the Netherlands, Belgium, rest of Europe, and Asia. The company offers group and individual life insurance; and motor, transport, fire, liability, travel, and income insurance. It also offers retirement, insurance, investments, and banking services to retail, SME, corporate, and institutional customers. The company is based in Amsterdam, the Netherlands. NN Group N.V. is a subsidiary of ING Groep N.V.

Please note, this idea was updated on 11/5/2014 and can be read here: LONG — NN Group N.V. (NN NA) (Update).
Publicly traded companies mentioned herein: NN Group NV (NN NA), ING Groep NV (INGA NA), Voya Financial Inc (VOYA)

Highlights

Like Voya Financial, NN Group (NN) was spun out of ING (IPO in July, 2014) as a result of the Dutch government’s bailout of the global insurance company following the financial crisis. The presenter is long shares of NN, and believes it is quite undervalued (2-3 turns below all of its comps on a P/E basis) and somewhat misunderstood by investors/ the market.

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Idea Discussion

Commentor 1 - 2 weeks ago

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