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bank of new york mellon invests in kingstone companies amid analyst caution

Bank of New York Mellon Corp has acquired a new stake in Kingstone Companies, purchasing 28,205 shares valued at approximately $428,000. Despite a current Buy rating, analysts suggest that there are five other stocks that are better investment opportunities. Kingstone Companies, which provides property and casualty insurance, has seen significant institutional investment, with ownership at 14.91%.
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