new york (Bloomberg) — American International Group Inc., the insurer rescued by the US, climbed for a fourth day, jumping 11.9 percent, on speculation the firm may sell more assets after announcing deals to divest two units for $51 billion.

AIG advanced $3.45 to $32.55 in New York Stock Exchange composite trading, having earlier passed $34.

There's "some chatter on more asset sales coming," said Robert Bolton, managing director for trading at Mendon Capital Advisors Corp. Investors who wagered against the company may be reversing some of their bets, he said.

AIG said yesterday it would sell American Life Insurance Co. for $15.5 billion to MetLife Inc. to help repay its bailout. A week earlier, New York-based AIG said it would sell AIA Group Ltd. to Prudential Plc for $35.5 billion. Mark Herr, a spokesman for AIG, declined to comment. Yesterday's surge drove AIG shares above their average price during the past 200 days, a bullish sign for analysts who use price and volume charts to make forecasts.

"It may be one of those companies that, over the course of time, people will look back and say they had a near-death experience and it turned out to be a remarkable result that they survived," said Keith Wirtz, who chief investment officer at Fifth Third Asset Management.