State Farm Mutual Automobile Insurance Co, a significant shareholder in GATX Corp (NYSE:), has expanded its holdings in the transportation services company with a recent purchase of shares. According to the latest filings, State Farm Mutual acquired an additional 13,840 shares of GATX Corp at a price of $132.8079 per share, amounting to a total investment of approximately $1.8 million.
This transaction has increased State Farm Mutual’s direct holdings to a total of 3,298,454 shares in the company. It is worth noting that State Farm Mutual also has indirect ownership through several entities. For instance, State Farm Fire and Casualty Company, a wholly-owned subsidiary, directly owns 882,800 shares. Additionally, the State Farm Insurance Companies Employee Retirement Trust, which benefits eligible employees, directly owns 1,442,488 shares. Another 4,200 shares are directly owned by…
