State Farm Maintains 5.90% Stake in Vulcan Materials (VMC)

Ticker: VMC · Form: SC 13G/A · Filed: 2024-02-12T00:00:00.000Z

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.

From the Filing

0000315032-24-000012.txt : 20240212 0000315032-24-000012.hdr.sgml : 20240212 20240212153947 ACCESSION NUMBER: 0000315032-24-000012 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240212 DATE AS OF CHANGE: 20240212 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Vulcan Materials CO CENTRAL INDEX KEY: 0001396009 STANDARD INDUSTRIAL CLASSIFICATION: MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 208579133 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-83708 FILM NUMBER: 24619604 BUSINESS ADDRESS: STREET 1: 1200 URBAN CENTER DRIVE CITY: BIRMINGHAM STATE: AL ZIP: 35242 BUSINESS PHONE: (205) 298-3000 MAIL ADDRESS: STREET 1: 1200 URBAN CENTER DRIVE CITY: BIRMINGHAM STATE: AL ZIP: 35242 FORMER COMPANY: FORMER CONFORMED NAME: Virginia Holdco, Inc. DATE OF NAME CHANGE: 20070409 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STATE FARM MUTUAL AUTOMOBILE INSURANCE CO CENTRAL INDEX KEY: 0000315032 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 370533100 STATE OF INCORPORATION: IL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: ONE STATE FARM PLAZA CITY: BLOOMINGTON STATE: IL ZIP: 61710 BUSINESS PHONE: 309-766-8411 MAIL ADDRESS: STREET 1: ONE STATE FARM PLAZA CITY: BLOOMINGTON STATE: IL ZIP: 61710 SC 13G/A 1 statefarm_vmc.txt Schedule 13G Page 1 of 11 Pages UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Under the Securities Exchange Act of 1934 (Amendment No. 44 ) VULCAN MATERIALS CO (Name of Issuer) Common Stock (Title of Class of Securities) 929160109 (CUSIP NUMBER) December 31, 2023 (Date of Event which Requires Filing of Statement) Check the appropriate box to designate the Rule pursuant to which this Schedule is filed: [x] Rule 13d - 1(b) Rule 13d - 1(c) Rule 13d - 1(d) Schedule 13G Page 2 of 11 Pages CUSIP No. 929160109 1. Name of Reporting Person and I.R.S. Identification No. State Farm Mutual Automobile Insurance Company 37-0533100 2. Check the Appropriate Box if a Member of a Group (a) _____ (b) __X__ 3. SEC Use Only 4. Citizenship or Place of Organization Illinois Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power 7,810,029 6. Shared Voting Power 33,503 7. Sole Dispositive Power 7,810,029 8. Shared Dispositive Power 33,503 9. Aggregate Amount Beneficially Owned by Each Reporting Person 7,843,532 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares NOT APPLICABLE 11. Percent of Class Represented by Amount in Row 9 5.90 % 12. Type of Reporting Person IC Schedule 13G Page 3 of 11 Pages CUSIP No. 929160109 1. Name of Reporting Person and I.R.S. Identification No. State Farm Life Insurance Company 37-0533090 2. Check the Appropriate Box if a Member of a Group (a) _____ (b) __X__ 3. SEC Use Only 4. Citizenship or Place of Organization Illinois Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power 123,400 6. Shared Voting Power 6,950 7. Sole Dispositive Power 123,400 8. Shared Dispositive Power 6,950 9. Aggregate Amount Beneficially Owned by Each Reporting Person 130,350 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares NOT APPLICABLE 11. Percent of Class Represented by Amount in Row 9 0.10 % 12. Type of Reporting Person IC Schedule 13G Page 4 of 11 Pages CUSIP No. 929160109 1. Name of Reporting Person and I.R.S. Identification No. State Farm Life & Accident Assurance Co. 37-0805091 2. Check the Appropriate Box if a Member of a Group (a) _____ (b) __X__ 3. SEC Use Only 4. Citizenship or Place of Organization Illinois Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power 0 6. Shared Voting Power 1,282 7. Sole Dispositive Power 0 8. Shared Dispositive Power 1,282 9. Aggregate Amount Beneficially Owned by Eac