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It looks like the Hopkins and Allen Model 922, the "New Model Junior." If there is any marking, it should be on the top of the barrel in very small letters. Those rifles (there were several models) were made from 1888 to 1915, when the company went out of business. The ring is not a "saddle ring", only an assist in unscrewing the take down screw which holds the barrel in place.
As you might gather from the name, those were made as boy's rifles and sold in that era for from $3 to $5. There is a mild collector interest if the rifle is in excellent condition, but few are, as most youngsters shot the heck out of them.
Jim
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