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Navient Corporation - NAVI STOCK NEWS

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.

News

Navient to announce fourth quarter 2023 results and provide in-depth review update on Jan. 31 webcast

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Navient (NAVI) will host an audio webcast to review its 2023 fourth quarter financial results and provide an update on its in-depth review on Wednesday, Jan. 31, 2024, at 8 a.m. Eastern Time. Materials will be available in advance of the Jan. 31 webcast on the company’s investor website at Navient.com/investors. In addition, materials will also be available at SEC.gov.
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Navient recognized as Adoption Advocate by Dave Thomas Foundation for Adoption

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Navient (Nasdaq: NAVI) has been recognized as an Adoption Advocate by the Dave Thomas Foundation for Adoption, showcasing its commitment to supporting working adoptive parents through robust adoption benefits programs. The company's dedication to employees' adoption journeys is evident through financial assistance, access to valuable resources like Maven, and a focus on emotional well-being for both parents and children. This honor reaffirms Navient's commitment to fostering a culture of support and compassion, championing initiatives that make a real difference in the lives of families.
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Navient declares fourth quarter common stock dividend

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Navient (Nasdaq: NAVI) Announces $0.16 Per Share Dividend for Q4 2023
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Navient Named a Top 10 Military Friendly® Employer for Supporting Military Members and Their Spouses

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Navient (NAVI) Earns 2024 Military Friendly Designations from VIQTORY for Tenth Consecutive Year, Providing Employment Opportunities and Support for Veterans
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Earnest Appoints Shanee Ben-Zur as Chief Marketing Officer

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Earnest (fintech company) appoints Shanee Ben-Zur as Chief Marketing Officer (CMO) to bolster brand, product-led growth, demand generation, and lifecycle marketing. Ben-Zur's expertise will support Earnest's mission to expand its portfolio and serve more students, aiming to drive greater visibility of student loan products and Going Merry by Earnest.
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Navient posts third quarter 2023 financial results

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Navient posts its 2023 third quarter financial results.
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Earnest and Payitoff Deliver Financial Empowerment with Launch of Student Loan Manager

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Earnest and Payitoff partner to launch Student Loan Manager, a free tool that provides personalized repayment plan recommendations to help borrowers manage their student loan debt.
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Navient to announce third quarter 2023 results, host earnings webcast on Oct. 25

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Navient to host webcast to review Q3 2023 financial results
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Navient Named a Best Place to Work for Caregivers

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Navient recognized as Best Place to Work for Working Daughters, supporting family caregivers
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Navient declares third quarter common stock dividend

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Navient (NAVI) Announces 2023 Third Quarter Dividend of $0.16 per Share
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FAQ

What is the current stock price of Navient Corporation (NAVI)?

The current stock price of Navient Corporation (NAVI) is $14.93 as of November 21, 2024.

What is the market cap of Navient Corporation (NAVI)?

The market cap of Navient Corporation (NAVI) is approximately 1.6B.

What does Navient Corporation do?

Navient Corporation provides loan management, servicing, and asset recovery services. They offer technology-enabled education finance and business processing solutions.

How many student loans does Navient manage?

Navient manages more than $300 billion in student loans, assisting over 12 million Americans.

What are the main business segments of Navient?

Navient operates in three main segments: Federal Education Loans, Consumer Lending, and Business Processing.

What recent strategic actions has Navient taken?

Navient has outsourced its student loan servicing to MOHELA, is exploring options for its business processing division, and is streamlining its corporate functions to enhance flexibility and reduce expenses.

How does Navient support its clients?

Navient offers customer-focused, data-driven services that simplify complex programs, delivering exceptional results for clients in education, healthcare, and government sectors.

How can investors get updates from Navient?

Investors can join Navient's quarterly earnings calls and live audio webcasts for the latest financial updates. Information is available on Navient's investor website at Navient.com/investors.

Who can I contact for investor relations at Navient?

For investor relations, you can contact Jen Earyes at 703-984-6801 or via email at jen.earyes@navient.com.

When is the next Navient financial results webcast?

The next financial results webcast is scheduled for April 24, 2024, at 8:00 a.m. ET to review its first-quarter results.

Where can I find Navient's latest news and updates?

The latest news and updates about Navient can be found on their official website at Navient.com.

What impact will the new strategic actions have on Navient's expenses?

The recent strategic actions are expected to significantly reduce Navient's expense base and increase operational efficiency, potentially eliminating approximately $400 million in annual operating expenses.

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Navient Corporation

Nasdaq:NAVI

NAVI Rankings

#2163 Ranked by Market Cap
#679 Ranked by Dividends

NAVI Stock Data

1.61B
104.43M
2.4%
103.46%
7.22%
Credit Services
Security Brokers, Dealers & Flotation Companies
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United States of America
HERNDON