NAVI Navient

Navient is a leading provider of education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels. Navient helps clients and millions of Americans achieve success through technology-enabled financing, services, and support.
Company profile
Ticker
NAVI
Exchange
Website
CEO
John Remondi
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
New Corp
SEC CIK
Corporate docs
NAVI stock data
()
Press releases
Navient appoints new Chief Information Officer, Chief Human Resources Officer
22 Feb 21
Navient CEO to present at 2021 Credit Suisse Financial Services Forum on Feb. 25
16 Feb 21
Navient declares first quarter common stock dividend
4 Feb 21
Navient Corp. to Host Earnings Call
27 Jan 21
Navient posts fourth quarter 2020 financial results
26 Jan 21
Calendar
25 Feb 21
2 Mar 21
31 Dec 21
Financial summary
Quarter (USD) |
Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) |
Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Financial data from Navient earnings reports.
Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 3.54B | 3.54B | 3.54B | 3.54B | 3.54B | 3.54B |
Cash burn (monthly) | 225.67M | 20.33M | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) |
Cash used (since last report) | 461.44M | 41.58M | n/a | n/a | n/a | n/a |
Cash remaining | 3.08B | 3.5B | n/a | n/a | n/a | n/a |
Runway (months of cash) | 13.6 | 171.9 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
4 Feb 21 | Arnold Frederick | Common Stock | Grant | Aquire A | No | No | 0 | 10,569 | 0 | 45,948 |
4 Feb 21 | Anna Escobedo Cabral | Common Stock | Grant | Aquire A | No | No | 0 | 10,569 | 0 | 49,161 |
4 Feb 21 | Larry A Klane | Phantom Stock Units Common Stock | Grant | Aquire A | No | No | 0 | 10,569.106 | 0 | 20,585.315 |
4 Feb 21 | Katherine A Lehman | Common Stock | Grant | Aquire A | No | No | 0 | 10,569 | 0 | 70,462 |
4 Feb 21 | Mills Linda A | Common Stock | Grant | Aquire A | No | No | 0 | 15,853 | 0 | 98,568.395 |
Institutional ownership Q4 2020
91.3% owned by funds/institutions
13F holders |
Current |
---|---|
Total holders | 277 |
Opened positions | 46 |
Closed positions | 33 |
Increased positions | 80 |
Reduced positions | 113 |
13F shares |
Current |
---|---|
Total value | 1.68B |
Total shares | 170.15M |
Total puts | 97.4K |
Total calls | 253K |
Total put/call ratio | 0.4 |
Largest owners |
Shares | Value |
---|---|---|
BLK Blackrock | 21.36M | $209.78M |
Vanguard | 20.06M | $196.96M |
Dimensional Fund Advisors | 13.54M | $132.94M |
LSV Asset Management | 8.74M | $85.8M |
FMR | 7.51M | $73.7M |
STT State Street | 6.14M | $60.33M |
Barrow Hanley Mewhinney & Strauss | 6.02M | $59.16M |
Boston Partners | 5.1M | $50.12M |
Sixth Street Partners Management | 4.4M | $43.21M |
NTRS Northern Trust | 3.75M | $36.87M |
Content analysis
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Readability |
H.S. freshman Avg
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New words:
abandonment, abate, accrual, ago, albeit, architecture, assetor, attestation, authentic, backfill, baseline, bench, border, BPS, breadth, broad, Campaign, cancer, chain, chapter, check, circumstance, compassion, compound, conceptual, confidence, conservative, content, COVID, Dec, deepen, deliberately, disease, dispersed, distancing, division, drastically, ease, easily, ECOA, emotional, empathetic, energized, equitable, essential, expert, Facilitation, FACTA, filer, FISMA, flexible, forgive, fostering, friendly, fruition, fuel, fundraising, GDP, GLBA, greatly, grew, heavily, highlight, HIPAA, hit, holiday, holistic, hygiene, IIndenture, indirect, inspecting, intact, Journal, JSM, Labor, live, member, Mission, mix, MLA, morale, multichannel, narrow, nationwide, NaviRefi, NextGen, outbound, outbreak, package, pandemic, partnered, PCD, peak, peaking, perspective, population, Portability, postponement, postsecondary, posture, proposition, rapidly, readability, ready, rebuild, rebuilding, Rehab, relentlessly, remote, remotely, resume, revert, reward, rewarding, risen, root, satisfaction, Senate, sending, shell, sick, skilled, sound, spectrum, Spouse, staffed, standalone, stay, stoppage, succeed, suggest, supply, tightened, touch, traditional, travel, Twelfth, unified, unwavering, upheld, urgent, vacated, vaccine, visibility, visualization, Wall, wellbeing, White, workforce, workplace, world, worsening
Removed:
accretable, achieving, adding, administering, advance, anniversary, annualized, applicant, application, arrive, ascertain, assisting, auctioned, auditable, awarded, Bipartisan, borrow, borrowed, broker, calling, card, chaired, Chairman, chart, child, CID, cleared, coincide, collaboration, collateralize, composite, composition, conclude, consisted, controlling, converted, corrective, criterion, cyber, DC, deducted, DEF, defray, denomination, deploy, deposited, designation, Deutsche, DFPA, DFS, disburse, discretionary, distinguish, diversified, divided, eliminated, enactment, entitle, escalation, evidencing, exceeding, exchanged, expand, explain, explanation, extra, feature, Fenner, finalized, fluctuation, Ford, formalized, gathered, GRC, historic, hurdle, ICE, inactivity, indefinite, ineligible, initially, instilling, intention, intrinsic, introduced, investigation, investing, investor, jointly, jr, lapse, Lastly, lengthening, lessee, lesser, liable, limitation, Lynch, married, membership, Merrill, metric, minimizing, misconduct, missed, municipal, NE, Newark, NOL, nonpayment, Nonrefundable, Nonretirement, NORA, notifying, obligated, observed, overdraft, parent, partial, PCI, pension, percent, Pierce, play, Postemployment, poverty, predominantly, prioritization, progression, PSU, ranged, reacquired, reclassify, refunded, rehabilitating, remeasure, reminding, repealed, resetting, resident, responded, Reston, resultant, retirement, RFP, robust, room, RSU, satisfactory, scholarship, segregate, shortened, site, Smith, solicitation, stage, statutorily, stratified, strict, struggling, sublet, subpoena, subsidiary, subtracting, switch, tailoring, taxation, TCJA, technological, thereunder, TN, toll, tracking, unaudited, uncollected, undergo, underwent, unlawful, unreasonable, unvested, vested, viii, weekly, william, workload
Financial reports
10-K
2020 FY
Annual report
25 Feb 21
10-Q
2020 Q3
Quarterly report
30 Oct 20
10-Q
2020 Q2
Quarterly report
5 Aug 20
10-Q
2020 Q1
Quarterly report
1 May 20
10-K
2019 FY
Annual report
26 Feb 20
10-Q
2019 Q3
Quarterly report
1 Nov 19
10-Q
2019 Q2
Quarterly report
2 Aug 19
10-Q
2019 Q1
Quarterly report
3 May 19
10-K
2018 FY
Annual report
25 Feb 19
10-Q
2018 Q3
Quarterly report
2 Nov 18
Current reports
8-K
Regulation FD Disclosure
1 Mar 21
8-K
Entry into a Material Definitive Agreement
2 Feb 21
8-K
Navient posts fourth quarter 2020 financial results
26 Jan 21
8-K
Regulation FD Disclosure
2 Nov 20
8-K
Navient posts third-quarter 2020 financial results
20 Oct 20
8-K
Navient appoints Joe Fisher as new CFO
6 Oct 20
8-K
Regulation FD Disclosure
6 Aug 20
8-K
Navient posts second-quarter 2020 financial results
21 Jul 20
8-K/A
Departure of Directors or Certain Officers
5 Jun 20
8-K
Navient announces CFO changes
2 Jun 20
Registration and prospectus
424B2
Prospectus for primary offering
29 Jan 21
FWP
Free writing prospectus
28 Jan 21
424B5
Prospectus supplement for primary offering
28 Jan 21
S-3ASR
Automatic shelf registration
28 May 20
424B2
Prospectus for primary offering
26 Jan 20
FWP
Free writing prospectus
23 Jan 20
424B5
Prospectus supplement for primary offering
23 Jan 20
S-8
Registration of securities for employees
9 Aug 19
424B2
Prospectus for primary offering
8 Jun 18
FWP
Free writing prospectus
7 Jun 18
Proxies
DEFA14A
Additional proxy soliciting materials
9 Apr 20
DEF 14A
Definitive proxy
9 Apr 20
DEFA14A
Additional proxy soliciting materials
8 May 19
DEFA14A
Additional proxy soliciting materials
2 May 19
DEFA14A
Additional proxy soliciting materials
2 May 19
DEFA14A
Additional proxy soliciting materials
30 Apr 19
DEFA14A
Additional proxy soliciting materials
30 Apr 19
DEFA14A
Additional proxy soliciting materials
30 Apr 19
DEFA14A
Additional proxy soliciting materials
30 Apr 19
DEFC14A
Proxy in contested situation
29 Apr 19
Other
CORRESP
Correspondence with SEC
11 Apr 19
UPLOAD
Letter from SEC
10 Apr 19
UPLOAD
Letter from SEC
10 Apr 19
CT ORDER
Confidential treatment order
15 May 17
NO ACT
No action letter
12 Feb 17
NO ACT
No action letter
12 Feb 17
UPLOAD
Letter from SEC
9 Nov 16
CORRESP
Correspondence with SEC
8 Nov 16
CORRESP
Correspondence with SEC
8 Sep 16
UPLOAD
Letter from SEC
28 Aug 16
Ownership
SC 13G/A
NAVIENT / DIMENSIONAL FUND ADVISORS ownership change
12 Feb 21
SC 13G/A
NAVIENT / VANGUARD ownership change
10 Feb 21
4
NAVIENT / JOHN F REMONDI ownership change
8 Feb 21
4
NAVIENT / JOHN M KANE ownership change
8 Feb 21
4
NAVIENT / MARK L HELEEN ownership change
8 Feb 21
4
NAVIENT / STEPHEN M HAUBER ownership change
8 Feb 21
4
NAVIENT / Joe Fisher ownership change
8 Feb 21
4
NAVIENT / DAVID L. YOWAN ownership change
8 Feb 21
4
NAVIENT / LAURA S UNGER ownership change
8 Feb 21
4
NAVIENT / JANE J. THOMPSON ownership change
8 Feb 21
Transcripts
2020 Q3
Earnings call transcript
21 Oct 20
2020 Q2
Earnings call transcript
22 Jul 20
2020 Q1
Earnings call transcript
22 Apr 20
2019 Q4
Earnings call transcript
22 Jan 20
2019 Q3
Earnings call transcript
23 Oct 19
2019 Q2
Earnings call transcript
24 Jul 19
2019 Q1
Earnings call transcript
24 Apr 19
2018 Q4
Earnings call transcript
23 Jan 19
2018 Q3
Earnings call transcript
24 Oct 18
2018 Q2
Earnings call transcript
25 Jul 18
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