State Farm Maintains 5.90% Stake in Vulcan Materials (VMC)
Ticker: VMC · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 1396009
| Field | Detail |
|---|---|
| Company | Vulcan Materials Co (VMC) |
| Form Type | SC 13G/A |
| Filed Date | Feb 12, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**State Farm still owns 5.90% of VMC, showing strong institutional confidence.**
AI Summary
State Farm Mutual Automobile Insurance Company and its affiliates, including State Farm Life Insurance Company, filed an amended SC 13G/A on February 12, 2024, disclosing their beneficial ownership in Vulcan Materials CO (VMC) as of December 31, 2023. The filing shows State Farm collectively owns 7,843,532 shares, representing 5.90% of Vulcan Materials' common stock. This matters to investors because State Farm, a major institutional investor, maintains a significant stake, indicating continued confidence in VMC's long-term prospects, which could influence other investors.
Why It Matters
This filing confirms a major institutional investor's continued significant stake in Vulcan Materials, signaling their long-term confidence in the company's value and stability.
Risk Assessment
Risk Level: low — The filing indicates a stable, significant institutional ownership, which generally reduces volatility and provides a vote of confidence.
Analyst Insight
Investors should note that a major institutional holder like State Farm maintaining a 5.90% stake suggests long-term confidence in Vulcan Materials. This stability in institutional ownership can be a positive signal, but it doesn't indicate any new catalysts or changes in company performance.
Key Numbers
- 7,843,532 — Aggregate Shares Beneficially Owned (The total number of Vulcan Materials CO shares owned by State Farm and its affiliates as of December 31, 2023.)
- 5.90 % — Percent of Class (The percentage of Vulcan Materials CO's common stock beneficially owned by State Farm and its affiliates.)
- 7,810,029 — Sole Voting Power Shares (The number of shares over which State Farm Mutual Automobile Insurance Company has sole voting and dispositive power.)
- 33,503 — Shared Voting Power Shares (The number of shares over which State Farm Mutual Automobile Insurance Company has shared voting and dispositive power.)
- 44 — Amendment Number (This is the 44th amendment to the original Schedule 13G filing for Vulcan Materials CO by State Farm.)
Key Players & Entities
- State Farm Mutual Automobile Insurance Company (company) — the primary reporting person and beneficial owner of Vulcan Materials CO shares
- Vulcan Materials CO (company) — the issuer of the common stock being reported on
- State Farm Life Insurance Company (company) — an affiliate of State Farm Mutual Automobile Insurance Company, also a beneficial owner
- December 31, 2023 (date) — the date of the event requiring the filing of the statement
- Illinois (company) — State Farm Mutual Automobile Insurance Company's place of organization
Forward-Looking Statements
- State Farm will maintain a significant stake in Vulcan Materials CO throughout 2024. (State Farm Mutual Automobile Insurance Company) — high confidence, target: December 31, 2024
FAQ
What is the total number of shares of Vulcan Materials CO common stock beneficially owned by State Farm and its affiliates as reported in this filing?
As of December 31, 2023, State Farm Mutual Automobile Insurance Company and its affiliates beneficially own an aggregate of 7,843,532 shares of Vulcan Materials CO common stock, as stated in Row 9 of the Schedule 13G.
What percentage of Vulcan Materials CO's common stock does State Farm's aggregate ownership represent?
State Farm's aggregate beneficial ownership of 7,843,532 shares represents 5.90% of the class of Vulcan Materials CO's common stock, as indicated in Row 11 of the Schedule 13G.
What is the 'Date of Event which Requires Filing of Statement' for this SC 13G/A?
The 'Date of Event which Requires Filing of Statement' is December 31, 2023, as specified on the first page of the Schedule 13G.
Which specific State Farm entity is listed as the primary reporting person with sole voting and dispositive power?
State Farm Mutual Automobile Insurance Company is listed as the primary reporting person with sole voting power over 7,810,029 shares and sole dispositive power over 7,810,029 shares, as detailed in Rows 5 and 7 for the first reporting person.
What type of reporting person is State Farm Mutual Automobile Insurance Company designated as in this filing?
State Farm Mutual Automobile Insurance Company is designated as an 'IC' (Insurance Company) type of reporting person, as shown in Row 12 of the Schedule 13G.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 12, 2024 regarding Vulcan Materials CO (VMC).