Taube Hodson Stonex Partners LLP, an independent fund management company based in London, on Oct. 30 raised its shareholding in PICC Property & Casualty Co<2328> to 5.1% from the 4.62% it held earlier, according to the bourse operator Hong Kong Exchanges and Clearing<0388>.

HKEx said that the British fund manager on Friday bought 16.46 million shares of PICC Property for HK$95.97 million. The average share price of the deal was HK$5.83 apiece.

PICC Property, China’s largest non-life insurer in terms of premiums, earned RMB 95.72 billion in insurance premiums in the first nine months of this year, 17% more than in the same period of last year.

Shares of PICC property gained 2.09% to stand at HK$5.86 in the morning session today.