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.

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.

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Disclosure: None.