SEC Filing Shows Truist Expanding Position in Genpact Limited (NYSE:G)

Genpact Limited (NYSE:G) is among the overlooked AI stocks to buy now. According to the recent filing with the SEC, Truist Financial Corp increased its position in Genpact Limited (NYSE:G) by 8.4% during the second quarter. Following the purchase of 2,882 shares, the investor now owns 37,316 shares of the company’s stock, which translates to an investment worth $1,642,000.

Earlier in September, Genpact Limited (NYSE:G) announced its Insurance Policy Suite, a commercial and specialty business insurance solution powered by AI, expected to reduce processing cycle times by at least 75% compared to current processes.

Genpact Limited (NYSE:G)

As part of the Service-as-Agentic-Solutions portfolio, the suite utilizes Microsoft Azure AI technology to automate and optimize underwriting support tasks. Jinsook Han, the Corporate Development & Global Agentic AI Officer at Genpact Limited (NYSE:G), stated the suite was particularly designed for underwriters “so they can focus on delivering faster quotes, building better broker relationships, and increasing submission-to-bind ratios.”

Genpact Limited (NYSE:G) is a Bermuda-based provider of business process outsourcing and information technology services. With three primary segments — Financial services, Consumer and Healthcare, and High Tech and Manufacturing — the company is committed to helping its customers become more productive by making their businesses more adaptable.

While we acknowledge the potential of G to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than G and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.