Nisa Investment Advisors LLC Reduces Stake in Navient Co. (NASDAQ:NAVI)

Nisa Investment Advisors LLC cut its stake in Navient Co. (NASDAQ:NAVI) by 66.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,057 shares of the credit services provider’s stock after selling 4,000 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Navient were worth $27,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of NAVI. KBC Group NV increased its position in Navient by 47.0% during the third quarter. KBC Group NV now owns 4,355 shares of the credit services provider’s stock worth $68,000 after purchasing an additional 1,392 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of Navient in the 3rd quarter valued at approximately $87,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Navient during the 3rd quarter worth approximately $95,000. Covestor Ltd raised its position in shares of Navient by 24.6% during the 3rd quarter. Covestor Ltd now owns 7,360 shares of the credit services provider’s stock valued at $115,000 after buying an additional 1,455 shares during the period. Finally, Paloma Partners Management Co purchased a new stake in shares of Navient during the 3rd quarter valued at approximately $174,000. Hedge funds and other institutional investors own 97.14% of the company’s stock.

Insider Activity at Navient

In related news, EVP Stephen M. Hauber sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $15.00, for a total value of $150,000.00. Following the sale, the executive vice president now owns 256,883 shares of the company’s stock, valued at $3,853,245. This trade represents a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 27.99% of the stock is currently owned by company insiders.

Navient Stock Down 0.7 %

Shares of NASDAQ:NAVI opened at $13.67 on Friday. The firm’s 50-day moving average is $14.17 and its two-hundred day moving average is $14.99. The company has a debt-to-equity ratio of 16.59, a current ratio of 9.49 and a quick ratio of 9.49. Navient Co. has a 1 year low of $12.73 and a 1 year high of $17.86. The firm has a market capitalization of $1.47 billion, a PE ratio of 11.78 and a beta of 1.43.

Navient (NASDAQ:NAVI) last announced its earnings results on Wednesday, January 29th. The credit services provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). Navient had a return on equity of 6.64% and a net margin of 2.96%. Analysts predict that Navient Co. will post 1.22 EPS for the current year.

Navient Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a $0.16 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.64 dividend on an annualized basis and a yield of 4.68%. Navient’s dividend payout ratio (DPR) is presently 55.17%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NAVI. Bank of America cut their target price on Navient from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, December 24th. Barclays raised their price objective on Navient from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 8th. StockNews.com cut shares of Navient from a “buy” rating to a “hold” rating in a research report on Friday. TD Cowen dropped their price target on shares of Navient from $14.00 to $13.00 and set a “sell” rating for the company in a research report on Friday, November 1st. Finally, Seaport Res Ptn upgraded shares of Navient from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $14.58.

Navient Company Profile

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.