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Navient Corporation  (NAVI)
Other Ticker:  
 
    Sector  Financial    Industry Investment Services
   Industry Investment Services
   Sector  Financial
 
Price: $15.1100 $-0.31 -2.010%
Day's High: $15.48 Week Perf: -3.76 %
Day's Low: $ 15.10 30 Day Perf: -6.79 %
Volume (M): 656 52 Wk High: $ 19.69
Volume (M$): $ 9,916 52 Wk Avg: $17.23
Open: $15.40 52 Wk Low: $14.10



 Market Capitalization (Millions $) 1,828
 Shares Outstanding (Millions) 121
 Employees 7,300
 Revenues (TTM) (Millions $) 1,297
 Net Income (TTM) (Millions $) 361
 Cash Flow (TTM) (Millions $) -2,006
 Capital Exp. (TTM) (Millions $) 0

Navient Corporation

Navient holds the largest portfolio of education loans insured or guaranteed under the Federal Family Education Loan Program (“FFELP”), as well as the largest portfolio of Private Education Loans. FFELP Loans are insured or guaranteed by state or not-for-profit agencies based on guaranty agreements among the United States Department of Education (“ED”) and these agencies. Private Education Loans are education loans to students or their families that bear the full credit risk of the customer and any cosigner. Private Education Loans are made primarily to bridge the gap between the cost of higher education and the amount funded through financial aid, federal loans or students’ and families’ resources.


Navient services its own portfolio of education loans, as well as education loans owned by banks, credit unions, other financial institutions, non-profit education lenders and ED. Navient is one of four Title IV Additional Servicers (“TIVAS”) to ED under its Direct Student Loan Program (“DSLP”). Navient also provides asset recovery services on its own portfolio (consisting of both education loans and other asset classes), and on behalf of guaranty agencies, higher education institutions, and federal, state, court and municipal clients. In addition, we provide business processing services on behalf of municipalities, public authorities and hospitals.

Navient possesses a number of competitive advantages that distinguish it from its competitors, including:
Large, high quality asset base generating significant and predictable cash flows. Navient’s $96.5 billion portfolio of FFELP Loans bears a maximum 3 percent loss exposure due to the federal guaranty. Navient expects that cash flows from its FFELP Loan and Private Education Loan portfolios will significantly exceed future debt service obligations.


Efficient and large scale operating platforms. Navient has demonstrated scalable infrastructure with capacity to add volume at a low cost. Navient’s premier market share and tested infrastructure make it well-positioned to expand its businesses to additional clients and asset types.


Superior performance. Navient has demonstrated superior default prevention performance and industry leading asset recovery services. The combined portfolio of federal loans serviced by Navient experienced a Cohort Default Rate (“CDR”) of 8 percent, which is 38 percent lower than their peers, as calculated from the most recent CDR released by ED in September 2015. We are consistently a top performer in our asset recovery business and deliver superior service to our public and private sector clients.
Commitment to compliance and customer centricity. Navient fosters a robust compliance culture driven by a “customer first” approach. We invest in rigorous training programs, internal and external auditing, escalated service tracking and analysis, and customer research to enhance our compliance and customer service.
Strong capital return. As a result of our significant cash flow and capital generation, Navient expects to return excess capital to stockholders through dividends and share repurchases.


Meaningful growth opportunities. Navient will pursue opportunistic acquisitions of FFELP and Private Education Loan portfolios. In February 2015, Navient completed the acquisition of Gila LLC (commonly known as Municipal Services Bureau, or MSB), an asset recovery and business processing firm. The firm provides receivables management services and account processing solutions for state governments, agencies, court systems and municipalities. In October 2015, Navient completed the acquisition of Xtend Healthcare, a health care revenue cycle management company. The firm provides health insurance claims billing and account resolution, as well as patient billing and customer service. The acquisition leverages Navient’s asset recovery and business processing capabilities into the health care payments sector. Navient intends to leverage its large-scale operating platforms, superior default prevention and asset recovery performance, operating efficiency and regulatory compliance and risk management infrastructure in growing these businesses and in pursuing other growth opportunities.
Navient’s Approach to Helping Education Loan Borrowers Achieve Success


Navient services loans for more than 12 million DSLP Loan, FFELP Loan and Private Education Loan customers, including 6.3 million customers whose accounts are serviced under Navient’s contract with ED. We help our customers navigate the path to financial success through proactive outreach and emphasis on identifying the payment plan that best fits their individual budgets and financial goals.


We understand managing repayment of education loans is critical for students to achieve their educational goals, recognize their full earning potential and develop a strong credit profile.

In our experience, customer success means making steady progress toward repayment, instead of falling behind on or putting off payments. This experience has taught us that the transition from school to full repayment requires customer contact and counseling. For many customers, education loans are their first borrowing experience. For new graduates, salaries grow over time, typically making payments easier to handle as their career progresses. It is also not uncommon for some borrowers to seek payment deferments if they return to school or encounter temporary interruptions in earnings.


To help customers manage these realities, Navient makes customer success and default prevention top priorities. We customize our outreach using data-driven approaches that draw from our more than 40 years of experience in helping customers successfully manage their loans. As a result, our customers experience higher rates of repayment success as evidenced by lower delinquencies and defaults.


We have been a partner in ED’s campaign to inform federal education loan customers about various income-driven repayment (“IDR”) plans, and have played a leadership role in helping customers understand their options so they can make an informed choice. We promote awareness of federal repayment plan options through more than 170 million communications annually, including mail, email, phone calls, videos, and text messages.
We also find that customers who have fallen behind benefit from our outreach and assistance. In fact, nine times out of ten when we can reach federal loan customers who have missed payments, we can identify a solution to help them avoid default.

We have three primary reportable business segments: FFELP Loans, Private Education Loans and Business Services.



   Company Address: 13865 Sunrise Valley Drive Herndon 20171 VA
   Company Phone Number: 810-3000   Stock Exchange / Ticker: NASDAQ NAVI
   


Customers recorded net loss Customers recorded net loss



• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

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Dividend

Navient Announces First Quarter Dividend as Company's Performance Remains Stable

Published Thu, Feb 15 2024 9:15 PM UTC


HERNDON, Va., Feb. 15, 2024 - Navient (Nasdaq: NAVI), a prominent player in technology-enabled education finance and business processing solutions, recently declared a first quarter dividend of $0.16 per share on the company's common stock, solidifying its commitment to shareholders.
As of the writing of this article, Navient's dividend pay-out ratio for the third ...

Navient Corporation

Navient Corporation Anticipates a Relatively Calm Period from July to September 2023

Navient Corporation, a leading Investment Services company, recently reported its financial results for the July to September 30, 2023 interval. While the numbers may appear disappointing at first glance, a deeper analysis shows that the company is poised for a strong rebound in the near future.
Firstly, it is important to note that Navient Corporation operates in a highly competitive industry. Despite this, the company managed to achieve a significant increase in revenue of 18.243% compared to the previous reporting season. This demonstrates the resilience and growth potential of the company, even in a challenging market environment.

Navient Corporation

Navient Endures Tumultuous Quarter with Sharp Downturn in Income and Revenue, Bucking the Industry Trend



Navient Corporation, a prominent player in the Investment Services industry, recently released its financial results for the April to June 30, 2023 period. The dismal figures reported by the company paint a bleak picture for its future prospects. With significant declines in key financial metrics, including revenue, income per share, and net earnings, it is crucial for investors to carefully evaluate the investment potential of Navient Corporation.
Declining Financial Performance:
In its most recent financial span, Navient Corporation reported a staggering 57.38% decrease in income per share, plunging from $1.22 per share to a mere $0.52 per share compared to the previous year. Furthermore, income faded by 39.53% from $0.86 per share in the prior reporting period.






 

Navient's Segments
 
 
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