Navient Corporation Stock Price, News & Analysis

Navient Corporation (Nasdaq: NAVI) has announced that its Board of Directors will nominate Edward Bramson, a Sherborne Investors partner, for election at the upcoming annual meeting on June 2, 2022. Linda Mills, Navient’s Board Chair, expressed confidence in Bramson’s leadership and track record of enhancing shareholder value. Bramson, who has experience as chairman or CEO of several publicly traded companies, is committed to working towards the best interests of Navient’s stakeholders.

Navient (Nasdaq: NAVI) will release its 2022 first quarter financial results on April 26, 2022, after market close. The company will hold a conference call on April 27, 2022, at 8 a.m. ET to discuss these results. Investors can access the results through a news release and on the SEC website. Dial-in information for the conference call is provided, and a replay will be available post-call. Navient specializes in education loan management and business processing solutions for various clients.

Navient is sponsoring the USS Delaware submarine commissioning event on April 2, 2022, in Wilmington, marking the first such naming in nearly a century. The company emphasizes its commitment to supporting military personnel and veterans through employment opportunities. Additionally, Navient has received four 2022 Military Friendly designations for the eighth consecutive year, recognizing its efforts in assisting military communities. The event will also be livestreamed for public access.

Navi (Nasdaq: NAVI) announced a first quarter 2022 dividend of $0.16 per share for its common stock. The dividend will be payable on March 18, 2022, to shareholders of record as of the close of business on March 4, 2022. This decision reflects Navient's ongoing commitment to providing value to its shareholders while continuing to support its clients in education loan management and business processing solutions.

Duncan Solutions, part of Navient, has announced its sponsorship of the Boys & Girls Clubs of Metro Los Angeles’ Transportation Program. This partnership aims to transport at least 50 additional youths daily to their club in Watts amid rising local violence. The initiative focuses on facilitating access to after-school programs, including sports and field trips. In 2021, Navient and Duncan supported the launch of career exploration tools for youth, highlighting their commitment to community mobility challenges and youth empowerment in Los Angeles.

Navient (Nasdaq: NAVI) has announced that President and CEO Jack Remondi will be speaking at the Credit Suisse Annual Financial Services Forum at 8:00 a.m. ET on February 17, 2022. A live audio webcast and presentation materials will be accessible on Navient's investor website. A replay will be available for approximately two weeks post-event. Navient is a leading provider of education loan management and business processing solutions, assisting clients in education, healthcare, and government sectors.

Navient (Nasdaq: NAVI) announced its 2021 fourth quarter financial results on January 25, 2022. The company operates in education loan management and business processing solutions, serving various sectors including education and healthcare. Detailed financial results are accessible on their website and will be reported on Form 8-K with the SEC. A conference call is scheduled for January 26, 2022, at 8 a.m. ET, hosted by CEO Jack Remondi and CFO Joe Fisher, covering the financial outcomes and future outlook.

Navient (Nasdaq: NAVI) announced it has reached agreements with state attorneys general to resolve multistate litigation and investigations, denying any law violations. This decision is aimed at avoiding prolonged litigation costs and distractions. As part of the resolution, Navient will cancel loan balances for about 66,000 borrowers of certain qualifying private education loans, which mostly originated between 2002 and 2010. Additionally, the company will make a one-time payment of approximately $145 million to the states, expecting this to be less costly than ongoing legal disputes.

Navient (Nasdaq: NAVI) will announce its financial results for Q4 and the full year of 2021 after market close on January 25, 2022. The results will be discussed in a conference call on January 26, 2022, at 8 a.m. ET. Investors will be notified through a news release and on Twitter @Navient. The earnings results will be filed with the SEC on Form 8-K. Access to the conference call will be available via phone or a live audio webcast. A replay will be accessible after the call, with the details provided for both audio and webcast formats.