NN Group dips after Morgan Stanley cuts rating and PT

NN

08/01/2025 08:50

** Shares in NN Group NV  NN.AS  fall around 4% after Morgan
Stanley downgraded its rating on the Dutch insurer from
"equal-weight" to "underweight" and cut PT by 12% to 44 euros
    ** The broker says the company's solvency position is very
sensitive to financial market movements, especially mortgage and
sovereign spreads
    ** MS analysts believe that these sensitivities could make
the company's Dutch Life entity, which is the primary source of
cash for the parent company, more vulnerable

 (Reporting by Leo Marchandon)
 ((Leo.marchandon@thomsonreuters.com))