Navient Corp insider trading
Every open-market purchase and sale by Navient Corp's officers, directors and largest shareholders since November 4, 2021, and what the share price did next.
Does following Navient Corp’s insiders pay?
From August 4, 2014 to August 2, 2023, 17 insiders reported 11 open-market purchases and 24 sales not made under a pre-set plan in Navient Corp. Twelve months after each purchase was reported, the shares were +63.5% against the S&P 500 on average (median +64.8%), over 11 purchases with a full year of prices; 82% beat the index. After sales, the shares moved −35.8% against the index over 12 months (a negative figure means selling was the right call). That rests on fewer than 20 purchases, too few to read much into. Buying each purchase the day after it was reported, an equal amount each, held 12 months or until that insider reported a sale, would have turned $10,000 on July 31, 2015 into $45,701 by November 2, 2026, +14.5% a year. It held shares 43% of the time; the S&P 500 on those same days, with Treasury bills otherwise, made $21,777 (+7.2% a year), and held throughout $43,211 (+13.9%).
| Insider | Role | Purchases | 12 months after their purchases | Beat the S&P 500 | Sales | 12 months after their sales | Latest report |
|---|---|---|---|---|---|---|---|
| Hauber Stephen M | EVP, Chief Risk&Compliance Off | 0 | — | — | 5 | −17.0% (5) | January 30, 2023 |
| Kane John M | Chief Operating Officer | 0 | — | — | 4 | −48.7% (4) | February 10, 2015 |
| Chivavibul Somsak | Chief Financial Officer | 0 | — | — | 3 | −50.0% (3) | February 10, 2015 |
| Heleen Mark L | EVP, CLO & Secretary | 2 | +86.1% (2) | 100% | 1 | −34.9% (1) | August 2, 2023 |
| Hynes Timothy J IV | Chief Risk Officer | 0 | — | — | 3 | −50.0% (3) | February 10, 2015 |
| Remondi John F | Chief Executive Officer | 3 | +60.4% (3) | 67% | 0 | — | August 3, 2020 |
| Suitt Gilleland Diane | Director | 0 | — | — | 3 | −37.5% (3) | April 26, 2017 |
| Diefenderfer William M III | Director | 0 | — | — | 2 | −30.5% (2) | November 21, 2016 |
| Arnold Frederick | Director | 1 | +111.4% (1) | 100% | 0 | — | May 15, 2020 |
| Bates Ann Torre | Director | 0 | — | — | 1 | −7.6% (1) | July 27, 2016 |
| Cabral Anna Escobedo | Director | 1 | +136.1% (1) | 100% | 0 | — | August 17, 2020 |
| Friedman Joshua S | 10% owner | 0 | — | — | 1 | −46.4% (1) | July 25, 2019 |
| Lehman Katherine A | Director | 1 | +2.4% (1) | 100% | 0 | — | November 3, 2015 |
| Lown Christian M. | EVP & Chief Financial Officer | 1 | −1.6% (1) | 0% | 0 | — | October 24, 2017 |
| Newbury Investors LLC | 10% owner | 1 | +4.7% (1) | 100% | 0 | — | April 4, 2022 |
| Unger Laura S | Director | 1 | +92.1% (1) | 100% | 0 | — | May 7, 2020 |
| Williams Barry Lawson | Director | 0 | — | — | 1 | −16.5% (1) | August 4, 2014 |
When several insiders traded Navient Corp
Months when 2 or more insiders became net buyers, or 3 or more net sellers, of Navient Corp in reports dated in the 91 days before the month end, and how the stock did against the S&P 500 from that month end. After the 2 buying crowds with six months of prices, it averaged +19.7% against the index. After 1 selling crowd, −33.7%. One company's history is too short to judge by; the test across every company is the better guide.
| Month | Crowd | 3 months on, vs S&P 500 | 6 months | 12 months |
|---|---|---|---|---|
| May 29, 2020 | 3 buying | +11.3% | +17.7% | +122.3% |
| February 29, 2016 | 2 buying | +17.1% | +21.7% | +24.3% |
| February 27, 2015 | 3 selling | −9.9% | −33.7% | −41.0% |