Company Navient Corporation

Equities

NAVI

US63938C1080

Consumer Lending

Market Closed - Nasdaq 04:30:00 2024-03-28 pm EDT 5-day change 1st Jan Change
17.4 USD +1.05% Intraday chart for Navient Corporation +2.47% -6.55%

Business Summary

Navient Corporation provides technology-enabled education finance and business processing solutions. The Company operates through three segments: Federal Education Loans, Consumer Lending and Business Processing. In the Federal Education Loans segment, it owns Federal Family Education Loan Program (FFELP) loans and performs servicing on this portfolio. It also service FFELP Loans owned by other institutions. In the Consumer Lending segment, it owns originates and services in-school and refinance Private Education Loans. In the Business Processing segment, it provides business processing solutions, such as omnichannel contact center services, workflow processing, and revenue cycle optimization. It offers solutions to federal agencies, state governments, tolling and parking authorities, and other public sector clients. The Company's clients include hospitals, hospital systems, medical centers, large physician groups, other healthcare providers and public health departments.

Number of employees: 4,500

Sales per Business

USD in Million2022Weight2023Weight Delta
Consumer Lending
46.7 %
607 34.9 % 594 46.7 % -2.14%
Federal Education Loans
43.0 %
621 35.8 % 546 43.0 % -12.08%
Business Processing
25.3 %
330 19.0 % 321 25.3 % -2.73%
Other
-9.2 %
-87 -5.0 % -117 -9.2 % +34.48%
Reconciling Items
-5.7 %
266 15.3 % -73 -5.7 % -127.44%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
100.0 %
1,737 100.0 % 1,271 100.0 % -26.83%

Managers

Managers TitleAgeSince
Chief Executive Officer 67 17-03-29
Director of Finance/CFO 44 01-12-31
Chief Tech/Sci/R&D Officer - 08-12-31
Compliance Officer 50 14-03-31
Investor Relations Contact - -
Public Communications Contact - 06-12-31
Corporate Officer/Principal - 23-02-20
Human Resources Officer - 21-02-21
Comptroller/Controller/Auditor 52 02-12-31
Comptroller/Controller/Auditor - -

Members of the board

Members of the board TitleAgeSince
Director/Board Member 73 22-06-01
Director/Board Member 63 14-11-13
Director/Board Member 62 19-06-05
Director/Board Member 70 18-08-08
Director/Board Member 70 20-07-31
Chief Executive Officer 67 17-03-29
Chairman 74 14-05-11
Director/Board Member 72 14-04-30
Director/Board Member 64 14-12-10

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 462,749,884 106,901,581 ( 23.10 %) 350,000,000 ( 75.63 %) 23.10 %

Shareholders

NameEquities%Valuation
Sherborne Investors Management LP
26.12 %
29,449,997 26.12 % 479 M $
Sherborne Investors Management LP
26.12 %
29,449,997 26.12 % 479 M $
BlackRock Advisors LLC
12.45 %
14,037,843 12.45 % 228 M $
Vanguard Fiduciary Trust Co.
9.042 %
10,195,054 9.042 % 166 M $
Dimensional Fund Advisors LP
8.854 %
9,983,294 8.854 % 162 M $
LSV Asset Management
5.044 %
5,686,619 5.044 % 92 M $
3,692,918 3.275 % 60 M $
Donald Smith & Co., Inc.
3.181 %
3,586,501 3.181 % 58 M $
3,439,738 3.051 % 56 M $
Geode Capital Management LLC
1.706 %
1,922,995 1.706 % 31 M $
NameEquities%Valuation
Manulife Investment Management Ltd.
-
62,000 - 1 M $
Highlander Capital Management LLC
-
800 - 17 104 $

Company contact information

Navient Corp.

13865 Sunrise Valley Drive

20171, Herndon

+703) 810-3000

http://www.navient.com
address Navient Corporation(NAVI)

Group companies

NameCategory and Sector
Earnest Funding 5 LLC
Finance/Rental/Leasing