Insider Selling: Navient Co. (NASDAQ:NAVI) EVP Sells 10,000 Shares of Stock

Navient Co. (NASDAQ:NAVI) EVP Stephen M. Hauber sold 10,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $15.00, for a total transaction of $150,000.00. Following the transaction, the executive vice president now directly owns 256,883 shares in the company, valued at approximately $3,853,245. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Navient Stock Down 3.1 %

NAVI stock traded down $0.48 during trading on Thursday, reaching $15.25. The stock had a trading volume of 819,658 shares, compared to its average volume of 790,933. The company has a current ratio of 9.49, a quick ratio of 9.49 and a debt-to-equity ratio of 16.59. The firm has a fifty day moving average price of $15.49 and a 200 day moving average price of $15.25. The company has a market capitalization of $1.64 billion, a P/E ratio of 22.44 and a beta of 1.39. Navient Co. has a 1-year low of $13.71 and a 1-year high of $19.68.

Navient (NASDAQ:NAVI) last released its earnings results on Wednesday, October 30th. The credit services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $0.25 by $1.20. Navient had a return on equity of 8.62% and a net margin of 1.71%. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $150.04 million. During the same period in the prior year, the business posted $0.84 EPS. On average, equities analysts anticipate that Navient Co. will post 1.79 earnings per share for the current year.

Navient Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date was Friday, September 6th. Navient’s dividend payout ratio is presently 92.75%.

Analyst Upgrades and Downgrades

NAVI has been the topic of several research reports. Keefe, Bruyette & Woods increased their target price on Navient from $15.00 to $16.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. StockNews.com upgraded Navient from a “hold” rating to a “buy” rating in a report on Friday, November 1st. TD Cowen reduced their price objective on Navient from $14.00 to $13.00 and set a “sell” rating on the stock in a research note on Friday, November 1st. JPMorgan Chase & Co. increased their target price on shares of Navient from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, October 7th. Finally, Barclays raised their price target on shares of Navient from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Tuesday, October 8th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Navient has a consensus rating of “Hold” and an average price target of $15.78.

Institutional Investors Weigh In On Navient

Several institutional investors and hedge funds have recently made changes to their positions in NAVI. Donald Smith & CO. Inc. raised its stake in Navient by 27.8% during the third quarter. Donald Smith & CO. Inc. now owns 3,581,311 shares of the credit services provider’s stock worth $55,833,000 after acquiring an additional 779,973 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in shares of Navient during the 1st quarter worth approximately $4,813,000. Squarepoint Ops LLC bought a new stake in shares of Navient in the 2nd quarter worth approximately $3,345,000. Edgestream Partners L.P. boosted its position in Navient by 90.9% during the 1st quarter. Edgestream Partners L.P. now owns 386,379 shares of the credit services provider’s stock valued at $6,723,000 after purchasing an additional 183,969 shares during the period. Finally, American Century Companies Inc. boosted its position in Navient by 12.1% during the 2nd quarter. American Century Companies Inc. now owns 1,582,928 shares of the credit services provider’s stock valued at $23,047,000 after purchasing an additional 171,160 shares during the period. 97.14% of the stock is owned by institutional investors and hedge funds.

About Navient

Navient Corporation provides technology-enabled education finance and business processing solutions for education, health care, and government clients in the United States. It operates through three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company owns Federal Family Education Loan Program (FFELP) loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing on its portfolios, as well as federal education loans held by other institutions.