Yes, follow these steps.
a) Go to My Calendar page and click the "sync" link to the right of the personal calendar you want to sync to Outlook.
b) In the pop-up window, you will see a Calendar URL in the "Sync via Calendar Feed" field. Copy and open this link into an internet browser.
c) At the prompt, Add this Internet Calendar to Outlook and subscribe to updates, click Yes.
The Internet Calendar opens in side-by-side view in the Outlook Calendar and is added to the Navigation Pane in Calendar view under Other Calendars. The calendar will check periodically for any updates made by the calendar publisher.
For more information on Calendar Subscriptions from Microsoft go to: https://support.office.com/en-in/article/View-and-subscribe-to-Internet-Calendars-f6248506-e144-4508-b658-c838b6067597#bm2