Hartford Insurance Group officials predict the company's property-casualty business is positioned to deliver "strong underwriting results" next year, boosting its profit target by 40 cents a share.

The remarks came during the Hartford, Conn., company's investor meeting held today.

The company boosted its yearly profit target for this year from a range of $4.30-to-$4.50 a share to $4.70-to-$4.90 a share, which caused the stock to rise in early trading on the New York Stock Exchange despite dour new data on job loss in the economy in November.

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