Welcome to our dedicated page for Navient Corporation news (Ticker: NAVI), a resource for investors and traders seeking the latest updates and insights on Navient Corporation stock.
Navient Corporation (Nasdaq: NAVI) is the nation’s leading loan management, servicing, and asset recovery company. Headquartered in Herndon, Virginia, Navient supports the educational and economic achievements of over 12 million Americans by managing more than $300 billion in student loans. The company operates in three primary segments: Federal Education Loans, Consumer Lending, and Business Processing.
Navient provides technology-enabled education finance and business processing solutions that simplify complex programs and help millions achieve financial success. Their customer-focused, data-driven approach delivers exceptional results for clients in education, healthcare, and government sectors.
Recent strategic actions have been taken to streamline operations and enhance flexibility. This includes outsourcing student loan servicing to MOHELA, exploring strategic options for the business processing division, and reshaping shared services to align with a more focused business model. These measures are expected to reduce the company's expense base and increase operational efficiency.
Navient is committed to transparency and regular communication with stakeholders. The company hosts quarterly earnings calls and provides detailed financial updates. For instance, Navient will hold a live audio webcast on April 24, 2024, to review its first-quarter financial results. This webcast, hosted by senior executives, will offer insights into the company's performance and strategic direction.
For more information, visit Navient.com.
Navient (Nasdaq: NAVI) has appointed Joe Fisher as the new executive vice president and chief financial officer, effective October 7, 2020. Fisher, who has been with Navient since 2002, has previously served as the vice president of investor relations and corporate development, leading the investor relations team since 2014. The appointment is expected to enhance the company’s leadership in education loan management and business processing. Fisher's deep knowledge of Navient’s operations and strategy is anticipated to benefit the firm as it continues to support clients across various sectors.
Navient Foundation has donated $10,000 to the Osterhout Free Library to support children's literacy programs. This contribution aims to enhance literacy initiatives, especially after the disruption caused by the coronavirus pandemic. The funding will assist in purchasing books, toys, and materials for various educational activities. The library has offered virtual programs during the pandemic, promoting reading among children. The partnership underscores Navient's commitment to community support and education.
Navient (Nasdaq: NAVI) announced that President and CEO Jack Remondi will participate in a virtual fireside chat at the Barclays 2020 Global Financial Services Conference on September 14, 2020, at 1:15 p.m. ET. A live video webcast will be available on Navient.com/investors, with a replay accessible two hours post-presentation until September 28. As a leading provider of education loan management and business processing solutions, Navient supports clients in various sectors. Further details and materials will be provided during the event.
Navient (Nasdaq: NAVI) announced a third quarter dividend of $0.16 per share on August 7, 2020. This dividend will be payable on September 18, 2020, to shareholders of record as of September 4, 2020.
As a leader in education loan management and business processing solutions, Navient continues to support clients in education, healthcare, and government sectors.
Navient (NAVI) released its Q2 2020 financial results on July 21, highlighting its role in education loan management and business processing. A conference call is scheduled for July 22 at 8 a.m. ET, featuring CEO Jack Remondi and acting CFO Ted Morris. The call can be accessed via phone or a live audio webcast on the company’s investor page. Supplemental financial materials will be available during the call. For additional information, the complete financial results are accessible on Navient's website and also filed with the SEC.
Navient (Nasdaq: NAVI) has announced the release date for its 2020 second-quarter financial results, scheduled for July 21, 2020, after market close. The company will host a conference call on July 22, 2020, at 8 a.m. ET to discuss the results. Investors can expect notifications through a news release and on Twitter @Navient, with earnings filed with the SEC. The conference call will also be accessible via a live audio webcast. Supplemental materials will be available on Navient's investor relations website.
Navient (Nasdaq: NAVI) has reached a settlement with the American Federation of Teachers to enhance awareness of the Public Service Loan Forgiveness program. This initiative aims to aid nonprofit and government workers in navigating the complexities of student loan forgiveness after 10 years of payments. The company will make improvements in its call center services and contribute $1.75 million to support education and counseling for public service workers. Navient facilitates the repayment of loans for over 400,000 customers annually, underlining its commitment to customer service.
Navient (NAVI) has announced a second quarter dividend of $0.16 per share, approved by its board on May 21, 2020. This dividend will be paid on June 19, 2020, to shareholders of record by June 5, 2020. As a leader in education loan management and business processing solutions, Navient provides essential services to clients, helping millions of Americans achieve financial success. This dividend reflects the company's ongoing commitment to returning value to shareholders.
Navient (Nasdaq: NAVI) held its 2020 Annual Meeting of Shareholders on May 20, 2020, where over 90% of shares were represented. Shareholders approved all three proposals and elected nine board nominees, including Chair Linda Mills and members such as Frederick Arnold and Jane Thompson. As a leader in education loan management, Navient focuses on providing solutions for education, healthcare, and government clients, enhancing success through technology-driven services.
FAQ
What is the current stock price of Navient Corporation (NAVI)?
What is the market cap of Navient Corporation (NAVI)?
What does Navient Corporation do?
How many student loans does Navient manage?
What are the main business segments of Navient?
What recent strategic actions has Navient taken?
How does Navient support its clients?
How can investors get updates from Navient?
Who can I contact for investor relations at Navient?
When is the next Navient financial results webcast?
Where can I find Navient's latest news and updates?
What impact will the new strategic actions have on Navient's expenses?
