Everest Group, Ltd. (EG) has disclosed a new risk, in the Capital Markets category.
Everest Group, Ltd. faces heightened financial market risks that could adversely impact their investment portfolio and income. The company’s substantial allocation to fixed income securities makes it vulnerable to interest rate fluctuations, which could affect shareholders’ equity and lead to variable investment income, particularly from securities with prepayment risks. Credit risk also looms large, with the potential for issuers’ defaults or credit quality deterioration to reduce investment income and cause capital losses. Additionally, Everest Group’s investments in equities and non-traditional assets like private equity expose it to market volatilities, potentially leading to more pronounced fluctuations in asset values and investment income.
The average EG stock price target is $419.43, implying 13.70% upside potential.
To learn more about Everest Group, Ltd.’s risk factors, click here.
